$DENT/USDT 3h (Binance Futures) Falling wedge breakout
Dent looks bullish here after that wedge retest, let's enter a scalp.
Current Price= 0.013228
Buy Entry = 0.013122 - 0.012604
Take Profit= 0.014405 | 0.015709 | 0.018080
Stop Loss= 0.011751
Risk/Reward= 1:1.33 | 1:2.48 | 1:4.57
Expected Profit= +23.54% | +43.78% | +80.58%
Possible Loss= -17.64%
Fib. Retracement= 0.236 | 0.382 | 0.618
Margin Leverage= 1x
Estimated Gain-time= 10 days
Current Price= 0.013228
Buy Entry = 0.013122 - 0.012604
Take Profit= 0.014405 | 0.015709 | 0.018080
Stop Loss= 0.011751
Risk/Reward= 1:1.33 | 1:2.48 | 1:4.57
Expected Profit= +23.54% | +43.78% | +80.58%
Possible Loss= -17.64%
Fib. Retracement= 0.236 | 0.382 | 0.618
Margin Leverage= 1x
Estimated Gain-time= 10 days
Trade closed: stop reached
SL hit with -17.64% (2x) and -1RDent was due for a last leg down after all and we got stop hunted, I am entering back manually here with lower SL.
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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.