$MANA/USDT 2h (Binance Futures) Descending channel near breakout
Updated
Let's give another chance to Decentraland, seems to be forming a bullish flag.
Current Price= 0.9805
Buy Entry = 0.9810 - 0.9620
Take Profit= 1.0703 | 1.1845 | 1.2730
Stop Loss= 0.9032
Risk/Reward= 1:1.45 | 1:3.12 | 1:4.41
Expected Profit= +30.51% | +65.76% | +93.09%
Possible Loss= -21.09%
Fib. Retracement= 0.618 | 1 | 1.272
Margin Leverage= 3x
Estimated Gain-time= 10 days
Current Price= 0.9805
Buy Entry = 0.9810 - 0.9620
Take Profit= 1.0703 | 1.1845 | 1.2730
Stop Loss= 0.9032
Risk/Reward= 1:1.45 | 1:3.12 | 1:4.41
Expected Profit= +30.51% | +65.76% | +93.09%
Possible Loss= -21.09%
Fib. Retracement= 0.618 | 1 | 1.272
Margin Leverage= 3x
Estimated Gain-time= 10 days
Trade active
All entries filledDecentraland pumped as first then got rejected on channel resistance.
We still believe it will break bullish but we updated SL a bit lower (0.8981$) to avoid a possible stop hunt!
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