Long
$EOS/USDT 2D (Binance Futures) Ascending channel on support
Eos has retraced down a lot and seems to be bottomed here, time to look back up for mid-term.
Current Price= 5.642
Buy Entry = 5.670 - 5.170
Take Profit= 7.669 | 11.156 | 21.218
Stop Loss= 3.916
Risk/Reward= 1:1.5 | 1:3.81 | 1:10.5
Expected Profit= +41.49% | +105.83% | +291.48%
Possible Loss= -27.75%
Fib. Retracement= 0.5 | 0.786 | | 1.272
Margin Leverage= 1x
Estimated Gain-time= 3 months
Current Price= 5.642
Buy Entry = 5.670 - 5.170
Take Profit= 7.669 | 11.156 | 21.218
Stop Loss= 3.916
Risk/Reward= 1:1.5 | 1:3.81 | 1:10.5
Expected Profit= +41.49% | +105.83% | +291.48%
Possible Loss= -27.75%
Fib. Retracement= 0.5 | 0.786 | | 1.272
Margin Leverage= 1x
Estimated Gain-time= 3 months
Trade active
Both entries filledEos dipped as planned so far, time of truth, support must hold!
Trade closed: stop reached
SL hit with -27.75% (1x) and -1REos kept going down, this is so unreal and we were so not prepared for that, what a pity!
Note
Went back up +20.13% (1x)Eos finally bounced on 200MA, exactly where we should have been waiting for it.
We were right about the recovery but we entered way too early and suffered for nothing...
Anyway, trading has no mercy, sometimes we win, other times we learn!
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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.