ETC/USDT 12h (Binance Fut) Descending triangle facing resistance
Ethereum Classic is having a hard time breaking this TL and 100EMA so I expect some more rejection.
Still, a last leg-up is highly probable, that's why my entry zone is up there.
Current Price= 5.450
Sell Entry= 5.553 - 5.757
Take Profit= 5.280 | 5.000 | 4.810
Stop Loss= 6.014
Risk/Reward= 1:1.1 | 1:1.91 | 1:2.45
Expected Profit= +20.40% | +35.22% | +45.27%
Possible Loss= -18.48%
Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 3x
Estimated Gain-time= 720h
Still, a last leg-up is highly probable, that's why my entry zone is up there.
Current Price= 5.450
Sell Entry= 5.553 - 5.757
Take Profit= 5.280 | 5.000 | 4.810
Stop Loss= 6.014
Risk/Reward= 1:1.1 | 1:1.91 | 1:2.45
Expected Profit= +20.40% | +35.22% | +45.27%
Possible Loss= -18.48%
Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 3x
Estimated Gain-time= 720h
Trade active
Going well so far!First target is very likely to be reach before end of month, let's be patient.
Trade closed: target reached
TP2 exactly hit with +30% using 3x leverageIt seems that PCbot hasn't sold so I'll move it a bit now to secure the profit!
Note
That trade is still active.We may reach last target on a wick down retesting the big support, just be patient.
Bot would close remaining position if goes up to lowest entry again (5.553$)
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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.