$SNX/USDT 45m (Binance Futures) W-shaped recovery
Updated
Synthetix Network is recovering and about to resume the uptrend if manages to hold above 100EMA and ascending TL.
Current Price= 20.097
Buy Entry= 20.119 - 19.793
Take Profit= 21.773 | 22.904 | 24.234
Stop Loss= 18.699
Risk/Reward= 1:1.45 | 1:2.35 | 1:3.4
Expected Profit= +27.33% | +44.31% | +64.32%
Possible Loss= -18.90%
Fib. Retracement= 1.272 | 1.618 | 2
Margin Leverage= 3x
Estimated Gain-time= 5 days
Current Price= 20.097
Buy Entry= 20.119 - 19.793
Take Profit= 21.773 | 22.904 | 24.234
Stop Loss= 18.699
Risk/Reward= 1:1.45 | 1:2.35 | 1:3.4
Expected Profit= +27.33% | +44.31% | +64.32%
Possible Loss= -18.90%
Fib. Retracement= 1.272 | 1.618 | 2
Margin Leverage= 3x
Estimated Gain-time= 5 days
Trade closed: target reached
TP1 reached with +27.33% (3x) and 1.45RSynthetix went for first target then got rejected strongly on 200MA resistance leading to a break-down.
Fortunately, the PC bot closed remaining position at entry as it always does.
If you stuck to original SL then you probably exited flat, I'll keep an eye on it for next opportunity!
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