$GTC/USDT 2h (Binance Fut.) Symmetrical triangle near breakdown
Updated
Gitcoin has been listed few days ago and is down-trending, let's join on 50MA rejection.
Current Price= 10.518
Sell Entry = 10.629 - 11.039
Take Profit= 9.535 | 8.655| 7.545
Stop Loss= 11.876
Risk/Reward= 1:1.25 | 1:2.09 | 1:3.16
Expected Profit= +23.98% | +40.22% | +60.72%
Possible Loss= -19.24%
Fib. Retracement= 1 | 1.414 | 2
Margin Leverage= 2x
Estimated Gain-time= 1 week
Current Price= 10.518
Sell Entry = 10.629 - 11.039
Take Profit= 9.535 | 8.655| 7.545
Stop Loss= 11.876
Risk/Reward= 1:1.25 | 1:2.09 | 1:3.16
Expected Profit= +23.98% | +40.22% | +60.72%
Possible Loss= -19.24%
Fib. Retracement= 1 | 1.414 | 2
Margin Leverage= 2x
Estimated Gain-time= 1 week
Trade closed: target reached
TP1 reached with +23.98% (2x) and +1.25RGitcoin went for all entries then dumped as expected and made a Lower Low (LL).
More downtrend is likely but SL has been move to 2nd entry as usual (11.039$)
Trade closed: target reached
TP2 reached with +40.22% (2x) and +2.09RGitcoin kept dropping, nice to make profit on the way down, SL moved to 2nd entry (10.629$).
Trade closed: target reached
TP3 reached with +60.72% (2x) and +3.16RThat's a wrap for Gitcoin, went for all targets and even more, such an accuracy on that call.
Up to +96.60% (2x) profit made if you held manually until now, what a downtrend!
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