$HNT/USDT 4h (Binance Futures) Descending channel break & retest
Updated
Helium has broken out bullish on that parallel channel, great opportunity to enter after that pull-back!
Current Price= 13.8255
Buy Entry = 13.8070 - 13.5070
Take Profit= 15.1480 | 16.7340 | 18.8680
Stop Loss= 12.4180
Risk/Reward= 1:1.2 | 1:2.48 | 1:4.21
Expected Profit= +21.84% | +45.06% | +76.32%
Possible Loss= -18.14%
Fib. Retracement= 0.382 | 0.786 | 1.272
Margin Leverage= 2x
Estimated Gain-time= 10 days
Current Price= 13.8255
Buy Entry = 13.8070 - 13.5070
Take Profit= 15.1480 | 16.7340 | 18.8680
Stop Loss= 12.4180
Risk/Reward= 1:1.2 | 1:2.48 | 1:4.21
Expected Profit= +21.84% | +45.06% | +76.32%
Possible Loss= -18.14%
Fib. Retracement= 0.382 | 0.786 | 1.272
Margin Leverage= 2x
Estimated Gain-time= 10 days
Trade closed: stop reached
SL was hit with -18.14% (2x) and -1RHelium dumped more right after we entered, it was definitely a very bad timing, set-up is playing out again though.
If you dared to enter back or were still holding in Spot, you can partially TP here with up to 17% profit!
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