$MKR/USDT 4h (Binance Futures) Ascending triangle break & retest
Updated
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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