$GTC/USDT 4h (Binance Fut.) Symmetrical triangle break & retest
Updated
Gitcoin broke bullish and is pulling back to demand zone & 50MA support where it would probably bounce again.
Current Price= 7.344
Buy Entry = 7.022 - 6.740
Take Profit= 7.727 | 8.348 | 9.531
Stop Loss= 6.202
Risk/Reward= 1:1.25 | 1:2.16 | 1:3.9
Expected Profit= +24.58% | +42.64% | +77.02%
Possible Loss= -19.74%
Fib. Retracement= 0.5 | 0.786 | 1.272
Margin Leverage= 2x
Estimated Gain-time= 10 days
Current Price= 7.344
Buy Entry = 7.022 - 6.740
Take Profit= 7.727 | 8.348 | 9.531
Stop Loss= 6.202
Risk/Reward= 1:1.25 | 1:2.16 | 1:3.9
Expected Profit= +24.58% | +42.64% | +77.02%
Possible Loss= -19.74%
Fib. Retracement= 0.5 | 0.786 | 1.272
Margin Leverage= 2x
Estimated Gain-time= 10 days
Order cancelled
CL with 0% and 0R after TP3 was hitGitcoin in a similar situation, steady growth following 50MA and never retested 100EMA, time to cancel!
Manual profit was up to +64.12% (2x) if you entered from the beginning, don't hesitate to partially TP here.
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