$MANA/USDT 2h (Binance Futures) Descending channel near breakout
Let's give another chance to Decentraland, seems to be forming a bullish flag.
Current Price= 0.9805
Buy Entry = 0.9810 - 0.9620
Take Profit= 1.0703 | 1.1845 | 1.2730
Stop Loss= 0.9032
Risk/Reward= 1:1.45 | 1:3.12 | 1:4.41
Expected Profit= +30.51% | +65.76% | +93.09%
Possible Loss= -21.09%
Fib. Retracement= 0.618 | 1 | 1.272
Margin Leverage= 3x
Estimated Gain-time= 10 days
Current Price= 0.9805
Buy Entry = 0.9810 - 0.9620
Take Profit= 1.0703 | 1.1845 | 1.2730
Stop Loss= 0.9032
Risk/Reward= 1:1.45 | 1:3.12 | 1:4.41
Expected Profit= +30.51% | +65.76% | +93.09%
Possible Loss= -21.09%
Fib. Retracement= 0.618 | 1 | 1.272
Margin Leverage= 3x
Estimated Gain-time= 10 days
Trade active
All entries filledDecentraland pumped as first then got rejected on channel resistance.
We still believe it will break bullish but we updated SL a bit lower (0.8981$) to avoid a possible stop hunt!
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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.