Short
$OCEAN/USDT 3D (#Bybit) Broadening channel on resistance
Ocean Protocol has been up-trending and is now facing 100EMA, RSI looks overbought, a bearish rejection would make sense.
⚡️⚡️ #OCEAN/USDT ⚡️⚡️
Exchanges: ByBit USDT
Signal Type: Regular (Short)
Leverage: Isolated (1.5X)
Amount: 7.1%
Current Price:
0.2461
Entry Zone:
0.2475 - 0.2821
Take-Profit Targets:
1) 0.2057
2) 0.1613
3) 0.1168
Stop Targets:
1) 0.3142
Published By: @Zblaba
Risk/Reward= 1:1.2 | 1:2.1 | 1:3.0
Expected Profit= +33.48% | +58.63% | +83.84%
Possible Loss= -27.98%
Fib. Retracement= 0.382 | 0.618 | 1
Margin Leverage= 1.5x
Estimated Gain-time= 3 months
Tags: #OCEANUSDT #AI #BigData #Scaling #Storage #Web3 #DeFi
Website: oceanprotocol.com
⚡️⚡️ #OCEAN/USDT ⚡️⚡️
Exchanges: ByBit USDT
Signal Type: Regular (Short)
Leverage: Isolated (1.5X)
Amount: 7.1%
Current Price:
0.2461
Entry Zone:
0.2475 - 0.2821
Take-Profit Targets:
1) 0.2057
2) 0.1613
3) 0.1168
Stop Targets:
1) 0.3142
Published By: @Zblaba
Risk/Reward= 1:1.2 | 1:2.1 | 1:3.0
Expected Profit= +33.48% | +58.63% | +83.84%
Possible Loss= -27.98%
Fib. Retracement= 0.382 | 0.618 | 1
Margin Leverage= 1.5x
Estimated Gain-time= 3 months
Tags: #OCEANUSDT #AI #BigData #Scaling #Storage #Web3 #DeFi
Website: oceanprotocol.com
Trade active
All entries filledOcean Protocol got rejected as expected so far and is now sitting on 100EMA.
Tricky situation since it could be a bullish retest but we'll stick to the plan!
Trade closed: stop reached
SL hit with -1.0ROcean Protocol pushed higher, it was a bullish retest of 100EMA after all!
Tempting to try again since we still expect a pull-back but no clear rejection yet.
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Related publications
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.