ADA/USDT 4H (Binance Fut.) Ascending channel facing resistance
Updated
Cardano has grown parabolic after breaking that bullish triangle and is at resistance again, like VeChain.
We could revisit the mid-line of the parallel channel before continue the uptrend, or maybe even retest the Trendline.
Current Price= 0.08582
Sell Entry= 0.08572 - 0.08812
Take Profit= 0.08097 | 0.07512 | 0.06568
Stop Loss= 0.09287
Risk/Reward= 1:1 | 1:1.98 | 1:3.57
Expected Profit= 27.40% | 54.32% | 97.76%
Possible Loss= -27.40%
Fib. Retracement= 0.236 | 0.382 | 0.618
Margin Leverage= 4x
Estimated Gain-time= 240h
We could revisit the mid-line of the parallel channel before continue the uptrend, or maybe even retest the Trendline.
Current Price= 0.08582
Sell Entry= 0.08572 - 0.08812
Take Profit= 0.08097 | 0.07512 | 0.06568
Stop Loss= 0.09287
Risk/Reward= 1:1 | 1:1.98 | 1:3.57
Expected Profit= 27.40% | 54.32% | 97.76%
Possible Loss= -27.40%
Fib. Retracement= 0.236 | 0.382 | 0.618
Margin Leverage= 4x
Estimated Gain-time= 240h
Trade closed: target reached
TP2 hit with +54.32% (4x), that was really nice, bot already took me some good profit, I'm still holding a small part for last target. If goes up to sell zone it will automatically sell before getting in loss so we are risk free now!
Some likes and comments are more than welcome.
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