$DEFI/USDT 4h (Binance Fut.) Symmetrical triangle break & retest
DeFi index is retesting 50MA support, a bounce from here is likely, then road to new highs.
Current Price= 2614.5
Buy Entry = 2619.9 - 2556.3
Take Profit= 2807.0 | 2995.1 | 3181.9
Stop Loss= 2412.3
Risk/Reward= 1:1.25 | 1:2.32 | 1:3.38
Expected Profit= +16.92% | +15.73% | +45.88%
Possible Loss= -13.58%
Fib. Retracement= 0.786 | 1.414 | 2
Margin Leverage= 2x
Estimated Gain-time= 2 weeks
Current Price= 2614.5
Buy Entry = 2619.9 - 2556.3
Take Profit= 2807.0 | 2995.1 | 3181.9
Stop Loss= 2412.3
Risk/Reward= 1:1.25 | 1:2.32 | 1:3.38
Expected Profit= +16.92% | +15.73% | +45.88%
Possible Loss= -13.58%
Fib. Retracement= 0.786 | 1.414 | 2
Margin Leverage= 2x
Estimated Gain-time= 2 weeks
Trade active:
Both entries filled
DeFi index dipped and bounced back as planned so far, nice start!
DeFi index dipped and bounced back as planned so far, nice start!
Trade closed: stop reached:
SL hit with -13.58% (2x) and -1R
DeFi tried to keep up but lost local support after all, trade was closed on Stop.
DeFi tried to keep up but lost local support after all, trade was closed on Stop.
