$ICP/USDT 4h (Binance Futures) Descending trendline breakout
Internet Computer seems to be in an eternal downtrend, but looking at the linear scale, it broke-out bullish actually!
Current Price= 34.74
Buy Entry= 34.42- 30.32
Take Profit= 45.25 | 53.61 | 67.14
Stop Loss= 23.76
Risk/Reward= 1:1.5 | 1:2.47 | 1:4.04
Expected Profit= +39.79% | +65.62% | +107.41%
Possible Loss= -26.60%
Fib. Retracement= 0.236 | 0.382 | 0.618
Margin Leverage= 1x
Estimated Gain-time= 10 days
Current Price= 34.74
Buy Entry= 34.42- 30.32
Take Profit= 45.25 | 53.61 | 67.14
Stop Loss= 23.76
Risk/Reward= 1:1.5 | 1:2.47 | 1:4.04
Expected Profit= +39.79% | +65.62% | +107.41%
Possible Loss= -26.60%
Fib. Retracement= 0.236 | 0.382 | 0.618
Margin Leverage= 1x
Estimated Gain-time= 10 days
Trade active
First entry filledInternetComputer dipped a little bit as planned so far.
Trade closed: target reached
TP1 reached with +39.79% (1x) and +1.5RLooks like we caught the very bottom on Internet Computer, 100EMA is regained, great start of recovery!
Trade closed: target reached
TP2 reached with +65.62% (1x) and +2.47RInternet Computer is killing it and we are in huge gain here, 100EMA is regained, perseverance paying-off!
Trade closed: target reached
TP3 reached with +107.41% (1x) and +4.04RAfter revisiting demand zone Internet Computer bounced back stronger than ever.
I hope you guys re-entered on time or were still holding some, trade is fully closed now!
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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.