$VET/USDT 4h (Binance Futures) Ascending channel on support
VeChain has broken the down-trend and is recovering quite quickly, let's join here.
Current Price= 0.08224
Buy Entry = 0.08217 - 0.07902
Take Profit= 0.08789 | 0.09418 | 0.09990
Stop Loss= 0.07443
Risk/Reward= 1:1.2 | 1:2.22 | 1:3.15
Expected Profit= +18.20% | +33.82% | +48.02%
Possible Loss= -15.22%
Fib. Retracement= 0.893 | 1.272 | 1.618
Margin Leverage= 2x
Estimated Gain-time= 2 weeks
Current Price= 0.08224
Buy Entry = 0.08217 - 0.07902
Take Profit= 0.08789 | 0.09418 | 0.09990
Stop Loss= 0.07443
Risk/Reward= 1:1.2 | 1:2.22 | 1:3.15
Expected Profit= +18.20% | +33.82% | +48.02%
Possible Loss= -15.22%
Fib. Retracement= 0.893 | 1.272 | 1.618
Margin Leverage= 2x
Estimated Gain-time= 2 weeks
Trade active
All entries filledVeChain dipped and bounced as planned so far, let's keep it this way!
Trade closed: target reached
TP1 reached with +18.20% (2x) and +1.2RVeChain bounced nicely bringing up to +30.72% (2x), 2nd target was missed by 1.44% (0.00134$).
Then it retraced down and just lost 50MA local support, SL updated slightly below 2nd entry (0.07891$).
Trade closed: target reached
TP2 reached with +33.82% (2x) and +2.22RVeChain regained 50MA and bounced back, heading toward last target now 📈
Stop Loss moved up to 1st entry (0.08217$) as usual, enjoy the ride!
Trade closed: target reached
TP3 more than reached with +48.02% (2x) and +3.15RAll targets achieved for VeChain with up to +70.36% (2x), trade is fully closed now!
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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.