$CRV/USDT 1h (Binance Futures) Descending trendline breakout
Updated
Curve DAO has broken out bullish and is likely to continue upwards from here!
Current Price= 3.363
Buy Entry= 3.360 - 3.260
Current Price= 3.363
Buy Entry= 3.360 - 3.260
Note
Take Profit= 3.636 | 3.883 | 4.224Stop Loss= 3.050
Risk/Reward= 1:1.25 | 1:2.2 | 1:3.52
Expected Profit= +29.34% | +51.27% | +82.83%
Possible Loss= -23.55%
Fib. Retracement= 0.618 | 0.786 | 1
Margin Leverage= 3x
Estimated Gain-time= 1 week
Trade active
All entries filledCurve dipped a bit more than expected, hitting back 50MA, time of truth...
We may update the SL slightly under 3$ to avoid a stop hunt, if needed!
Trade closed: stop reached
SL was hit with -23.55% (3x) and -1RAfter missing TP1 by only 0.035$, Curve broke-down very hard, what a fake-out it was...
We are still expecting some short-term recovery, be patient if you are still holding in Spot.
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