$AAVE/USDT 12h (Binance Futures) Ascending channel on support
Aave is on Trend-Line, parallel channel and 100EMA support, it seems to be ready for another leg-up!
Also we can see a break and retest so resuming the up-trend here would be likely.
Current Price= 368.024
Buy Entry= 366.786 - 352.586
Take Profit= 440.407 | 582.832 | 711.557
Stop Loss= 299.944
Risk/Reward= 1:1.35 | 1:3.74 | 1:5.89
Expected Profit= +22.44% | +62.04% | +97.83%
Possible Loss= -16.61%
Fib. Retracement= 0.618 | 1 | 1.272
Margin Leverage= 1x
Estimated Gain-time= 1 month
Also we can see a break and retest so resuming the up-trend here would be likely.
Current Price= 368.024
Buy Entry= 366.786 - 352.586
Take Profit= 440.407 | 582.832 | 711.557
Stop Loss= 299.944
Risk/Reward= 1:1.35 | 1:3.74 | 1:5.89
Expected Profit= +22.44% | +62.04% | +97.83%
Possible Loss= -16.61%
Fib. Retracement= 0.618 | 1 | 1.272
Margin Leverage= 1x
Estimated Gain-time= 1 month
Trade active
1st entry filledAave bounced and is going rather well I must say, +19.45% already!
100EMA acted nicely as support, road to first target now, wait for it.
Trade active
2nd entry filled and bouncingSeems like Aave needed to hit the demand zone a last time, glad we caught that dip!
Trade closed: stop reached
SL hit with -16.61% (1x) and -1RSimilar situation for Aave, 100EMA lost then leg down to 200MA and TL support.
That is too sad after being in such profit, but that the law of crypto volatility!
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.
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.