$MKR/USDT 4h (Binance Futures) Ascending triangle break & retest
Maker broke-down and it's retesting it right now, I think it could be a good hedge.
Current Price= 2388.88
Sell Entry= 2389.96 - 2498.48
Take Profit= 2069.59 | 1829.70 | 1618.86
Stop Loss= 2757.05
Risk/Reward= 1:1.2 | 1:1.96 | 1:2.64
Expected Profit= +15.33% | +25.14% | +33.77%
Possible Loss= -12.80%
Fib. Retracement= 0.382 | 0.5 | 0.618
Margin Leverage= 1x
Estimated Gain-time= 10 days
Current Price= 2388.88
Sell Entry= 2389.96 - 2498.48
Take Profit= 2069.59 | 1829.70 | 1618.86
Stop Loss= 2757.05
Risk/Reward= 1:1.2 | 1:1.96 | 1:2.64
Expected Profit= +15.33% | +25.14% | +33.77%
Possible Loss= -12.80%
Fib. Retracement= 0.382 | 0.5 | 0.618
Margin Leverage= 1x
Estimated Gain-time= 10 days
Trade closed: target reached
TP2 reached with +25.14% (1x) and +1.96RMaker got rejected on resistance as expected, at least shorts went well during that blood bath!
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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.