Ethereum Name Service seems to be ready to go back up after regaining the descending Trend-Line.
ens.domains ens.mirror.xyz
Risk/Reward= 1:1.2 | 1:2.1 | 1:3
Expected Profit= +27.84% | +48.78% | +69.74%
Possible Loss= -23.27%
Fib. Retracement= 0.236 | 0.382 | 0.5
Margin Leverage= 1x
Estimated Gain-time= 2-3 months
ens.domains ens.mirror.xyz
Risk/Reward= 1:1.2 | 1:2.1 | 1:3
Expected Profit= +27.84% | +48.78% | +69.74%
Possible Loss= -23.27%
Fib. Retracement= 0.236 | 0.382 | 0.5
Margin Leverage= 1x
Estimated Gain-time= 2-3 months
Note
⚡️⚡️ #ENS/USDT ⚡️⚡️Exchanges: Binance Futures, ByBit USDT
Signal Type: Regular (Long)
Leverage: Isolated (1.0X)
Amount: 8.6%
Current Price:
15.44
Entry Zone:
15.18 - 13.70
Take-Profit Targets:
1) 18.46
2) 21.48
3) 24.51
Stop Targets:
1) 11.08
Trade active
2/3 entries filledEthereum Name Service pulled-back to 100EMA support and bounced back as expected so far.
Breakout seems confirmed now, let's patiently wait for targets now!
Trade closed: target reached
TP1 reached with +27.84% (1x) and +1.2REthereum Name Service is stronger than ever and pushed higher as forecast.
Don't forget to take profit and move SL below entry (13.69) to protect the trade!
Trade closed: stop reached
Remaining position was closed with -5.19% (1x) and -0.22REthereum Name Service bounced back on first 100EMA retest, but then lost it leading to a sell-off.
Good thing we adjusted Stop on time to reduce partial loss, time to wait patiently for new patterns!
#ENS #ENSUSDT #DNS #Domain #Web3
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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.