$SFP/USDT 3h (BinanceFutures) Ascending channel on support
Updated
SafePal has pulled back to 200MA retesting the demand zone, a bounce is expected.
Current Price= 1.9337
Buy Entry= 1.9341 - 1.8331
Take Profit= 2.1934 | 2.5190 | 2.8516
Stop Loss= 1.6764
Risk/Reward= 1:1.5 | 1:3.07 | 1:4.67
Expected Profit= +32.90% | +67.46% | +102.78%
Possible Loss= -22.00%
Fib. Retracement= 0.5 | 0.702 | 0.883
Margin Leverage= 2x
Estimated Gain-time= 12.5 days
safepal.io/
Current Price= 1.9337
Buy Entry= 1.9341 - 1.8331
Take Profit= 2.1934 | 2.5190 | 2.8516
Stop Loss= 1.6764
Risk/Reward= 1:1.5 | 1:3.07 | 1:4.67
Expected Profit= +32.90% | +67.46% | +102.78%
Possible Loss= -22.00%
Fib. Retracement= 0.5 | 0.702 | 0.883
Margin Leverage= 2x
Estimated Gain-time= 12.5 days
safepal.io/
Trade active
All entries filledSafePal did not bounce and broke-down the ascending channel, does not seem too bullish anymore but could still be a retest of the desc TL.
Trade closed: stop reached
SL hit with -22.00% (2x) and -1RSafePal got rejected on resistance again leading to more downtrend.
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