$KNC/USDT 12h (#BinanceFutures) Rising wedge on resistance

Updated

Kyber Network Crystal is retesting previous Highs and seems likely to retrace down after that.

Current Price= 3.901
Sell Entry= 3.936 - 4.212
Take Profit= 3.460 | 3.050 | 2.640
Stop Loss= 4.587

Risk/Reward= 1:2 | 1:2 | 1:2.8
Expected Profit= +15.07% | +25.13% | +35.20%
Possible Loss= -12.59%

Fib. Retracement= 0.236 | 0.382 | 0.559
Margin Leverage= 1x
Estimated Gain-time= 1.5 months

Tags: #KNC #KNCUSDT #Kyber #KyberNetwork #v2 #KyberSwap #DEx #AMM #Marketplace #Governance #DAO #DApp #DeFi #BSC

Website: kyber.network

Contracts:
#ERC20 0xdeFA4e8a7bcBA345F687a2f1456F5Edd9CE97202
#BEP20 0xfe56d5892bdffc7bf58f2e84be1b2c32d21c308b
#Polygon 0x1c954e8fe737f99f68fa1ccda3e51ebdb291948c

Note

EDIT:
Risk/Reward= 1:1.2 | 1:2 | 1:2.8

Trade active

All entries filled

KyberNetworkCrystal is testing the supply zone and RSI entering overbought territory, waiting for the rejection now.

Note

Up to +9.08% (1x) profit

KyberNetworkCrystal has been rejected as planned so far, let's hope it continues that way!

Trade closed: stop reached

SL hit with -12.59% (1x) and -1R

KyberNetworkCrystal bounced back after bringing up to +13.40% and pushed higher stopping us out.

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