$DEFI/USDT 1h (Binance Futures)Falling broadening wedge breakout
DeFi Composite Index looks good for bullish continuation after regaining 50MA support.
More information about Decentralized Finance tokens on binance.com/en/futures/funding-history/3?contract=DEFIUSDT
Current Price= 2365.6
Buy Entry = 2369.3 - 2343.5
Take Profit= 2444.6 | 2518.6 | 2616.1
Stop Loss= 2282.6
Risk/Reward= 1:1.2 | 1:2.2| 1:3.52
Expected Profit= +22.44% | +41.28% | +66.12%
Possible Loss= -18.76%
Fib. Retracement= 0.618 | 0.786 | 1
Margin Leverage= 6x
Estimated Gain-time= 1 week
More information about Decentralized Finance tokens on binance.com/en/futures/funding-history/3?contract=DEFIUSDT
Current Price= 2365.6
Buy Entry = 2369.3 - 2343.5
Take Profit= 2444.6 | 2518.6 | 2616.1
Stop Loss= 2282.6
Risk/Reward= 1:1.2 | 1:2.2| 1:3.52
Expected Profit= +22.44% | +41.28% | +66.12%
Possible Loss= -18.76%
Fib. Retracement= 0.618 | 0.786 | 1
Margin Leverage= 6x
Estimated Gain-time= 1 week
Trade active
Trade active, all entries filledDeFi perfectly dipped and bounced back so far, even more visible on that Time-Frame!
Trade closed: target reached
TP2 reached with +41.28% (6x) and +2.2RInsane accuracy on DeFi index which only printed bullish candles since filled 📈 SL edited to 1st entry (2369.3$)
Will probably keep going but RSI entered overbought territory so we may see a small retracement first.
Trade closed: target reached
TP3 reached with +66.12% (6x) and +3.52RDeFi index retraced right after last post then pumped back reaching final target, such a success!
Related publications
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.
Related publications
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.