$VET/USDT 3h (Binance Futures) Rising wedge facing resistance
Updated
VeChain could reverse locally here, we know market is looking promising but let's prepare for a possible bearish move.
Current Price= 0.13576
Sell Entry = 0.13920 - 0.14490
Take Profit= 0.12850 | 0.11480 | 0.10160
Stop Loss= 0.15340
Risk/Reward= 1:1.2 | 1:2.42 | 1:3.58
Expected Profit= +19.14% | +38.42% | +57.00%
Possible Loss= -15.90%
Fib. Retracement= 0.236 | 0.5 | 0.786
Margin Leverage= 2x
Estimated Gain-time= 10 days
Current Price= 0.13576
Sell Entry = 0.13920 - 0.14490
Take Profit= 0.12850 | 0.11480 | 0.10160
Stop Loss= 0.15340
Risk/Reward= 1:1.2 | 1:2.42 | 1:3.58
Expected Profit= +19.14% | +38.42% | +57.00%
Possible Loss= -15.90%
Fib. Retracement= 0.236 | 0.5 | 0.786
Margin Leverage= 2x
Estimated Gain-time= 10 days
Trade active
First entry filledVeChain got rejected on supply zone again, let's see if it can retrace down now.
Trade closed: target reached
TP1 reached with +19.14% (2x) and +1.2RAfter almost being stopped, VeChain got rejected and broke-down hitting first target.
It could keep retracing during coming days but SL moved to 2nd entry in any case (0.14490$).
Trade closed: target reached
TP2 reached with +38.42% (2x) and +2.42RVeChain broke-down 50MA and went for 2nd target, last one is still in play, SL at 1st entry now (0.13920$)
Trade closed: target reached
TP3 reached +57.00% (2x) and +3.58RThat's a wrap for VeChain short, all targets achieved, reversal could be in!
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