ADA/USDT 2h (Binance Futures) Descending channel near breakout
Updated
#Cardano is on small ascending channel support and if bounce here it would probably break out the bigger descending channel.
Current Price= 0.09293
Buy Entry= 0.09302 - 0.09142
Take Profit= 0.9670 | 0.10256 | 0.10694
Stop Loss= 0.08774
Risk/Reward= 1:1 | 1:2.31 | 1:3.29
Expected Profit= +9.72% | +22.42% | +31.92%
Possible Loss= -9.72%
Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 2x
Estimated Gain-time= 120h
Current Price= 0.09293
Buy Entry= 0.09302 - 0.09142
Take Profit= 0.9670 | 0.10256 | 0.10694
Stop Loss= 0.08774
Risk/Reward= 1:1 | 1:2.31 | 1:3.29
Expected Profit= +9.72% | +22.42% | +31.92%
Possible Loss= -9.72%
Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 2x
Estimated Gain-time= 120h
Trade closed: target reached
TP1 with +9.72% (2x)Note
TP2 reached with +22.42% (2x)#Cardano did break out of both parallel channel as expected, that was a very nice dip catch!
Last target was missed by 0.00004$, kind of frustrating but I believe it will go up there again, if not I may adjust it lower to close that trade before weekend.
Trade closed: target reached
TP3 with +31.92% (2x)And that's a wrap for #Cardano, trade totally closed on last target with that 3.29 R/R 💪🏼
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