$DEFI/USDT 3h (Binance Futures) Falling wedge near breakout
Updated
DeFi index is about to break bullish, you can enter here of wait for a small pull-back!
Current Price= 1843.2
Buy Entry= 1808.3 - 1731.1
Take Profit= 1992.7 | 2131.2 | 2322.1
Stop Loss= 1591.6
Risk/Reward= 1:1.25 | 1:2.03 | 1:3.1
Expected Profit= +25.20% | +40.86% | +62.42%
Possible Loss= -20.12%
Fib. Retracement= 0.618 | 0.786 | 1
Margin Leverage= 2x
Estimated Gain-time= 2 weeks
Current Price= 1843.2
Buy Entry= 1808.3 - 1731.1
Take Profit= 1992.7 | 2131.2 | 2322.1
Stop Loss= 1591.6
Risk/Reward= 1:1.25 | 1:2.03 | 1:3.1
Expected Profit= +25.20% | +40.86% | +62.42%
Possible Loss= -20.12%
Fib. Retracement= 0.618 | 0.786 | 1
Margin Leverage= 2x
Estimated Gain-time= 2 weeks
Trade active
First entry filledDeFi dipped down to the buy zone, we are officially in.
Trade active
Second entry filledDeFi went down a bit more retesting the wedge and forming a bullish flag, let's wait for the bounce!
Trade closed: stop reached
SL hit with -20.12% (2x) and -1RDeFi broke the flag down and kept retracing, at least we got out "early" since it fell -15.20% after.
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