$GRT/USDT 90m (Binance Futures)Descending channel break & retest
The Graph just regained 50MA support and pulled back towards it, a bounce here is likely.
That DeFi / BSC token is also part of most Ecosystems such as Solana, Polygon and Fantom, more information on thegraph.com
Current Price= 0.69512
Buy Entry = 0.69418 - 0.68782
Take Profit= 0.71480 | 0.74426 | 0.77168
Stop Loss= 0.67189
Risk/Reward= 1:1.25 | 1:2.79 | 1:4.22
Expected Profit= +24.08% | +53.97% | +81.76%
Possible Loss= -19.39%
Fib. Retracement= 0.5 | 0.702 | 0.883
Margin Leverage= 7x
Estimated Gain-time= 1 week
That DeFi / BSC token is also part of most Ecosystems such as Solana, Polygon and Fantom, more information on thegraph.com
Current Price= 0.69512
Buy Entry = 0.69418 - 0.68782
Take Profit= 0.71480 | 0.74426 | 0.77168
Stop Loss= 0.67189
Risk/Reward= 1:1.25 | 1:2.79 | 1:4.22
Expected Profit= +24.08% | +53.97% | +81.76%
Possible Loss= -19.39%
Fib. Retracement= 0.5 | 0.702 | 0.883
Margin Leverage= 7x
Estimated Gain-time= 1 week
Trade closed: target reached
TP2 reached with +53.97% (7x) and +2.79RTheGraph retested 50MA support then pumped nicely as foreseen, SL updated to 1st entry now (0.69418$).
Trade closed: target reached
TheGraph pulled-back to 50MA again then almost instantly bounced, amazing scalp.Up to +145.88% (7x) from average entry to local top, trade is fully closed now, enjoy that huge profit !
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.