$COMP/USDT 1D (Binance Futures) Falling wedge on support
Compound is forming a very bullish pattern, we just missed the dip but we may have a new opportunity soon.
Current Price= 240.39
Buy Entry= 215.25 - 192.55
Take Profit= 203.90 | 352.78 | 422.91
Stop Loss= 151.73
Risk/Reward= 1:1.5 | 1:2.85 | 1:4.2
Expected Profit= +38.25% | +73.02% | +107.41%
Possible Loss= -25.59%
Fib. Retracement= 0.236 | 0.382 | 0.5
Margin Leverage= 1x
Estimated Gain-time= 2.5 months
Current Price= 240.39
Buy Entry= 215.25 - 192.55
Take Profit= 203.90 | 352.78 | 422.91
Stop Loss= 151.73
Risk/Reward= 1:1.5 | 1:2.85 | 1:4.2
Expected Profit= +38.25% | +73.02% | +107.41%
Possible Loss= -25.59%
Fib. Retracement= 0.236 | 0.382 | 0.5
Margin Leverage= 1x
Estimated Gain-time= 2.5 months
Trade active
First entry filledCompound did not forget about us and dipped back retesting demand zone.
Trade closed: target reached
TP1 reached with +38.25% (1x) and +1.5RCompound broke-out bullish and is very likely to continue the pump!
Trade closed: target reached
TP2 reached with +73.02% (1x) and +2.85RCompound continued the upward move as expected, amazing profit and one target to go.
Trade closed: target reached
TP3 reached with +107.41% (1x) and +4.2RCompound killed it achieving all targets way faster than expected and regaining 200MA 😎
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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.