ADA/USDT 8h (Binance Fut.) Descending channel facing resistance

#Cardano could reversal here, upper-line channel and also 100EMA are acting as resistance, I see more downtrend coming.
Quite risky because could break out upwards but I'll give it a try, i stopped better switch to long a on pullback!
Current Price= 0.9739
Sell Entry= 0.09700 - 0.09996
Take Profit= 0.09354 | 0.08620 | 0.08133
Stop Loss= 0.10342
Risk/Reward= 1:1 | 1:2.49 | 1:3.47
Expected Profit= +15.06% | +37.41% | 52.23%
Possible Loss= -15.06%
Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 3x
Estimated Gain-time= 600h
Quite risky because could break out upwards but I'll give it a try, i stopped better switch to long a on pullback!
Current Price= 0.9739
Sell Entry= 0.09700 - 0.09996
Take Profit= 0.09354 | 0.08620 | 0.08133
Stop Loss= 0.10342
Risk/Reward= 1:1 | 1:2.49 | 1:3.47
Expected Profit= +15.06% | +37.41% | 52.23%
Possible Loss= -15.06%
Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 3x
Estimated Gain-time= 600h
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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.