$DEFI/USDT 4h (Binance Futures) Ascending channel on midline
DeFi tokens are hyped again and the Composite index is showing strength.
Current Price= 3255.9
Buy Entry = 3204.0 - 3130.0
Take Profit= 3513.9| 3830.4 | 4362.9
Stop Loss= 2919.2
Risk/Reward= 1:1.4 | 1:2.68 | 1:4.83
Expected Profit= +21.90% | +41.90% | +75.52%
Possible Loss= -15.64%
Fib. Retracement= 0.786 | 1.272 | 2
Margin Leverage= 2x
Estimated Gain-time= 2 weeks
Current Price= 3255.9
Buy Entry = 3204.0 - 3130.0
Take Profit= 3513.9| 3830.4 | 4362.9
Stop Loss= 2919.2
Risk/Reward= 1:1.4 | 1:2.68 | 1:4.83
Expected Profit= +21.90% | +41.90% | +75.52%
Possible Loss= -15.64%
Fib. Retracement= 0.786 | 1.272 | 2
Margin Leverage= 2x
Estimated Gain-time= 2 weeks
Trade closed: target reached
TP1 would have been reached with +21.90% (2x)DeFi going up nicely today but unluckily entry was missed by 13.3$, too bad...
If you were in manually you can take some partial profit here since it's facing 50MA resistance now!
Trade closed: target reached
TP2 would have been reached with +41.90% (2x)DeFi index making a new All Time High in Binance Futures!
Trade closed: target reached
TP1 reached with +21.90% (2x) and +1.4RDeFi went back for us in the end and instantly pumped to 1st target after, nice!
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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.