VET/BTC 1D (Binance Spot) Parabolic curve on support

100EMA is holding the price and bull-run should resume soon for VeChain.
Plus, there is an descending channel that could end being a bull flag.
You could enter on Spot or also in Cross or Isolated Margin for bigger results!

Current Price= 0.00000144
Buy Entry= 0.00000144 - 0.00000132
Take Profit= 0.00000171 | 0.00000212 | 0.00000263
Stop Loss= 0.00000111

Risk/Reward= 1:22 | 1:2.74 | 1:4.63
Expected Profit= +23.91% | +53.62% | +90.58%
Possible Loss= -19.57%

Fib. Retracement= 0.382 | 0.786 | 1.272
Margin Leverage= 1x | 3x | 5x
Estimated Gain-time= 900h

Trade active

All entries filled.
Stop was almost hunted but luckily (at last) it bounced at 115 sats.
Now it's back in buy range, you can sell some on break-even and keep the rest for targets!

Note

SL was updated to 94 sats, let's hope it holds!

Trade closed: stop reached

Stopped out with -26% loss from average entry

That's a pity but better safe than sorry, and I wanted to stop worrying about that bad trade.
The idea is to avoid that kind of mistake in the future, I've learned a lot lately and adjusted my style, I hope you noticed!
I won't short it right now with the bot but I did entered manually in Margin with small amount, laddering up to 111 sats.

Trade active

VET/BTC 1D (Binance Spot) Descending channel and Trendlines broken [SHORT]

That would be the short idea I'm manually trading right now in Margin account on Spot pair borrowing VET to sell them for BTC!

Current Price = 0.00000103
Sell Entry= 0.00000103 - 0.00000111

Note

I specified TP1 & TP2 on the chart now, you can start putting some Buy/Repay limit orders on Margin if you managed to sell inside the zone!

Note

I'm still holding that short

First target was missed by 3 sats but there is enough room to the downside I believe!

TradingOn

Also on:

Related publications

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.