NEO/USDT 4H (Binance Fut.) Ascending channel holding support
FA: Neo mainnet 3.0 is planned before end of year (Q4 2020) and is one of the oldest staking coin generating GAS (2% APR or so).
TA: Right now channel support is holding, I'm expecting price action to bounce up towards mid-line if we're lucky and patient enough.
Current Price= 11.287
Sell Entry= 11.101 - 11.337
Take Profit= 12.151 | 12.751 | 13.771
Stop Loss= 10.588
Risk/Reward= 1:1.5 | 1:2.46 | 1:4.08
Expected Profit= 50.16% | 82.26% | 136.80%
Possible Loss= -33.48%
Fib. Retracement= 0.5 | 0.786 | 1.272
Margin Leverage= 6x
Estimated Gain-time= 240h
TA: Right now channel support is holding, I'm expecting price action to bounce up towards mid-line if we're lucky and patient enough.
Current Price= 11.287
Sell Entry= 11.101 - 11.337
Take Profit= 12.151 | 12.751 | 13.771
Stop Loss= 10.588
Risk/Reward= 1:1.5 | 1:2.46 | 1:4.08
Expected Profit= 50.16% | 82.26% | 136.80%
Possible Loss= -33.48%
Fib. Retracement= 0.5 | 0.786 | 1.272
Margin Leverage= 6x
Estimated Gain-time= 240h
Note
Well support didn't hold at all... But SL was updated in Prediction Coins to 10.277 (RR=1:1 for TP1). You can keep holding or choose to close now (CP= 10.816)Trade closed: stop reached
SL hit with -50.16%. I should have closed on break-event when I had the opportunity on the Trend-line retest... Next time!
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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.