#LOOM/USDT 4h (ByBit) Ascending channel on support

Loom Network is sitting on 100EMA, seems likely to bounce back towards mid-line.

⚡️⚡️ #LOOM/USDT ⚡️⚡️
Exchanges: ByBit USDT
Signal Type: Regular (Long)
Leverage: Isolated (2.2X)
Amount: 5.0%

Current Price:
0.233592

Entry Targets:
1) 0.223110

Take-Profit Targets:
1) 0.304470

Stop Targets:
1) 0.182440

Published By: @TradingOn

$LOOM LOOMUSDT.P #LoomNetwork loomx.io

Risk/Reward= 1:2.0
Expected Profit= +80.2%
Possible Loss= -40.1%
Estimated Gaintime= 2-4 days

Trade closed: stop reached:

ByBit USDT
LOOMUSDT.P Stoploss ⛔️
Loss: 40.1031% 📉

$LOOM did not bounce on 100EMA support but lost it instead, breaking the channel down.