$COMP/USDT 6h (Binance Futures) Falling wedge facing resistance
Compound is surely down-trending, normally we would try to long here, but since it did not break-out yet better go with the flow!
Current Price= 385.77
Sell Entry= 385.40 - 385.40
Take Profit= 323.11 | 266.67 | 216.61
Stop Loss= 457.12
Risk/Reward= 1:1.25 | 1:2.19 | 1:3.03
Expected Profit= +18.70% | +32.90% | +45.50%
Possible Loss= -15.02%
Fib. Retracement= 0.618 | 1 | 1.414
Margin Leverage= 1x
Estimated Gain-time= 2 weeks
Current Price= 385.77
Sell Entry= 385.40 - 385.40
Take Profit= 323.11 | 266.67 | 216.61
Stop Loss= 457.12
Risk/Reward= 1:1.25 | 1:2.19 | 1:3.03
Expected Profit= +18.70% | +32.90% | +45.50%
Possible Loss= -15.02%
Fib. Retracement= 0.618 | 1 | 1.414
Margin Leverage= 1x
Estimated Gain-time= 2 weeks
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.