VET/USDT 4H (Binance Fut.) Ascending channel facing resistance
Updated
VeChain has grown parabolic after breaking that bullish triangle and is at resistance again.
I had to redrew a bit the parallel channel but I still think it's time for retracement now.
Current Price= 0.007462
Buy Entry= 0.007450 - 0.007694
Take Profit= 0.006882 | 0.006349 | 0.005488
Stop Loss= 0.008262
Risk/Reward= 1:1 | 1:1.77 | 1:3.02
Expected Profit= 27.33% | 48.45% | 82.56%
Possible Loss= -27.33%
Fib. Retracement= 0.236 | 0.382 | 0.618
Margin Leverage= 3x
Estimated Gain-time= 240h
I had to redrew a bit the parallel channel but I still think it's time for retracement now.
Current Price= 0.007462
Buy Entry= 0.007450 - 0.007694
Take Profit= 0.006882 | 0.006349 | 0.005488
Stop Loss= 0.008262
Risk/Reward= 1:1 | 1:1.77 | 1:3.02
Expected Profit= 27.33% | 48.45% | 82.56%
Possible Loss= -27.33%
Fib. Retracement= 0.236 | 0.382 | 0.618
Margin Leverage= 3x
Estimated Gain-time= 240h
Trade closed: target reached
TP1 more than reached and TP2 missed by 0.00002 USDT 😱Enjoy that profit and show me some love here 🙏🏼
Trade active
That analysis already worked twice, and just gave back entry about 5 min ago, I entered short again.
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