VET/USDT 4H (Binance Fut.) Ascending channel facing resistance
VeChain has grown parabolic after breaking that bullish triangle and is at resistance again.
I had to redrew a bit the parallel channel but I still think it's time for retracement now.
Current Price= 0.007462
Buy Entry= 0.007450 - 0.007694
Take Profit= 0.006882 | 0.006349 | 0.005488
Stop Loss= 0.008262
Risk/Reward= 1:1 | 1:1.77 | 1:3.02
Expected Profit= 27.33% | 48.45% | 82.56%
Possible Loss= -27.33%
Fib. Retracement= 0.236 | 0.382 | 0.618
Margin Leverage= 3x
Estimated Gain-time= 240h
I had to redrew a bit the parallel channel but I still think it's time for retracement now.
Current Price= 0.007462
Buy Entry= 0.007450 - 0.007694
Take Profit= 0.006882 | 0.006349 | 0.005488
Stop Loss= 0.008262
Risk/Reward= 1:1 | 1:1.77 | 1:3.02
Expected Profit= 27.33% | 48.45% | 82.56%
Possible Loss= -27.33%
Fib. Retracement= 0.236 | 0.382 | 0.618
Margin Leverage= 3x
Estimated Gain-time= 240h
Trade closed: target reached
TP1 more than reached and TP2 missed by 0.00002 USDT 😱Enjoy that profit and show me some love here 🙏🏼
Trade active
That analysis already worked twice, and just gave back entry about 5 min ago, I entered short again.
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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.