$KNC/USDT 4h (#BinanceFutures) Descending trendline breakout
Kyber Network Crystal is pulling back to 200MA support and is likely to bouynce on it!
kyber.network/
Current Price=1.335
Buy Entry= 1.338 - 1.278
Take Profit= 1.517 | 1.714 | 1.714
Stop Loss= 1.169
Risk/Reward= 1:1.5 | 1:2.92 | 1:4.2
Expected Profit= +31.96% | +62.08% | +89.30%
Possible Loss= -21.26%
Fib. Retracement= 0.382 | 0.559 | 0.702
Margin Leverage= 2x
Estimated Gain-time= 3 weeks
kyber.network/
Current Price=1.335
Buy Entry= 1.338 - 1.278
Take Profit= 1.517 | 1.714 | 1.714
Stop Loss= 1.169
Risk/Reward= 1:1.5 | 1:2.92 | 1:4.2
Expected Profit= +31.96% | +62.08% | +89.30%
Possible Loss= -21.26%
Fib. Retracement= 0.382 | 0.559 | 0.702
Margin Leverage= 2x
Estimated Gain-time= 3 weeks
Trade active
All entries filledKyberNetworkCrystal dipped and bounced back as expected so far, let's see if it can resume bullish now.
Trade closed: target reached
TP1 reached with +31.96% (2x) and +1.5RKyber Network Crystal managed to regain 200MA support and pumped almost hitting TP2.
Higher targets remain valid, SL edited down to lowest entry (1.278$) to secure the trade.
Trade closed: target reached
TP2 reached with 62.10% (2x) and +2.92RKyberNetworkCrystal is a survivor, probably the only token that was not sold off and remained strong during the blood bath.
Unluckily we've got kicked out, but If you were still in don't forget to take some profit and adjust SL to highest entry (1.338)
Trade closed: target reached
TP3 reached with +89.30% (2x) and +4.2RKyberNetworkCrystal retested 50MA support then made it to final target, such an accurate set-up!
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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.