$COMP/USDT (Binance Futures) Falling wedge breakout
Compound is looking good for bullish continuation here after regaining 100EMA and breaking out.
Current Price= 455.95
Buy Entry = 455.63 - 442.81
Take Profit= 496.82 | 548.43 | 601.95
Stop Loss= 1039.8
Risk/Reward= 1:1.25 | 1:2.6 | 1:4
Expected Profit= +21.20% | +44.16% | +68.00%
Possible Loss= -17.02%
Fib. Retracement= 0.786| 1.117 | 1.414
Margin Leverage= 2x
Estimated Gain-time= 5 weeks
Current Price= 455.95
Buy Entry = 455.63 - 442.81
Take Profit= 496.82 | 548.43 | 601.95
Stop Loss= 1039.8
Risk/Reward= 1:1.25 | 1:2.6 | 1:4
Expected Profit= +21.20% | +44.16% | +68.00%
Possible Loss= -17.02%
Fib. Retracement= 0.786| 1.117 | 1.414
Margin Leverage= 2x
Estimated Gain-time= 5 weeks
Trade closed: target reached:
First entry filled
Compound moved up to +14.50% (2x) then got rejected on descending TL again, next attempt would be it!
50MA was just retested after that and seems to be acting as support nicely.
Compound moved up to +14.50% (2x) then got rejected on descending TL again, next attempt would be it!
50MA was just retested after that and seems to be acting as support nicely.
Trade closed: target reached:
TP1 was reached with +21.20% (2x) and +1.25R
Similar situation with Compound, remaining position closed in small loss: -2.86% (2x) since 2nd target was missed by 3.10% (18.03$).
Similar situation with Compound, remaining position closed in small loss: -2.86% (2x) since 2nd target was missed by 3.10% (18.03$).
Stop Loss= 410.99 (as chart is indicating)