ADA/USDT 4H (Binance Fut.) Rejected on upward channel resistance
After reaching good targets longing Cardano vs Bitcoin, it also looks ready to retrace in TetherUS.
I'm expected at least a decent pullback, maybe down to the midline (the dashed one), set-up:
Sell Entry= 0.04293 - 0.04373
Take Profit= 0.04157 | 0.04009 | 0.03768
Stop Loss= 0.04514
Risk/Reward= 1:1 | 1:1.79 | 1:3.13
Expected Profit= 20.90% | 37.40% | 65.30%
Possible Loss= -20.90%
Fib. Retracement= 0.236 | 0.382 | 0.618
Margin Leverage= 5x
I'm expected at least a decent pullback, maybe down to the midline (the dashed one), set-up:
Sell Entry= 0.04293 - 0.04373
Take Profit= 0.04157 | 0.04009 | 0.03768
Stop Loss= 0.04514
Risk/Reward= 1:1 | 1:1.79 | 1:3.13
Expected Profit= 20.90% | 37.40% | 65.30%
Possible Loss= -20.90%
Fib. Retracement= 0.236 | 0.382 | 0.618
Margin Leverage= 5x
Trade closed: target reached
TP1 hit with +20.90% profit then went up again.
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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.