$DEFI/USDT 8h (Binance Futures) Ascending channel on support
Updated
DeFi is up-trending and looking for continuation after that triangle break-out and retest.
Current Price= 2123.7
Buy Entry= 2112.5 - 2026.5
Take Profit= 2399.7 | 2691.6 | 3377.1
Stop Loss= 1849.2
Risk/Reward= 1:1.5 | 1:2.82 | 1:5.94
Expected Profit= +31.92% | +60.12% | +126.36%
Possible Loss= -21.30%
Fib. Retracement= 0.786 | 1 | 1.414
Margin Leverage= 2x
Estimated Gain-time= 3 weeks
Current Price= 2123.7
Buy Entry= 2112.5 - 2026.5
Take Profit= 2399.7 | 2691.6 | 3377.1
Stop Loss= 1849.2
Risk/Reward= 1:1.5 | 1:2.82 | 1:5.94
Expected Profit= +31.92% | +60.12% | +126.36%
Possible Loss= -21.30%
Fib. Retracement= 0.786 | 1 | 1.414
Margin Leverage= 2x
Estimated Gain-time= 3 weeks
Trade active
All entries filledDeFi dipped as planned then pumped, it may pull-back a last time but targets are looking quite reachable!
Trade closed: target reached
TP1 reached with +31.92% (2x) and +1.5RDeFi kept growing as expected, quite decent profit so far, SL at 2nd entry.
Decentralized Finance tokens are hyped again and we are not missing out! 😜
Trade closed: target reached
🎯DDEFI/USDT 8h: TP2 reached with +60.12% (2x) and +2.82R#DeFi went for second target and brought nice gain, then broke-down the ascending channel.
It still have many supports including 100EMA so I would not be too worried and wait for last target patiently!
Trade closed: target reached
TP3 reached with +126.36% (2x) and +5.94RAfter breaking down 100EMA buy zone was hit again, then DeFi regained it and went up for last target!
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