$RLC/USDT 3h (Binance Futures) Bullish pennant near breakout
iExec RLC has been consolidating and looks ready for another big move-up!
Current Price= 8.1297
Buy Entry = 8.1560 - 7.4440
Take Profit= 10.2520 | 13.4110 | 21.1710
Stop Loss= 6.1690
Risk/Reward= 1:1.5 | 1:3.44 | 1:8.2
Expected Profit= +31.44% | +71.94% | +171.42%
Possible Loss= -20.91%
Fib. Retracement= 0.5 | 0.786 | 1.272
Margin Leverage= 1x
Estimated Gain-time= 10 days
Current Price= 8.1297
Buy Entry = 8.1560 - 7.4440
Take Profit= 10.2520 | 13.4110 | 21.1710
Stop Loss= 6.1690
Risk/Reward= 1:1.5 | 1:3.44 | 1:8.2
Expected Profit= +31.44% | +71.94% | +171.42%
Possible Loss= -20.91%
Fib. Retracement= 0.5 | 0.786 | 1.272
Margin Leverage= 1x
Estimated Gain-time= 10 days
Trade closed: stop reached
SL was hit with -20.91% (1x) and -1RiExecRLC dumped with all the crypto market on Wednesday, but it's already back up to entry.
100EMA is regained and descending TL has broken out, seems likely to reached targets later.
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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.