$VET/USDT 3h (Binance Futures) Rising wedge facing resistance
VeChain could reverse locally here, we know market is looking promising but let's prepare for a possible bearish move.
Current Price= 0.13576
Sell Entry = 0.13920 - 0.14490
Take Profit= 0.12850 | 0.11480 | 0.10160
Stop Loss= 0.15340
Risk/Reward= 1:1.2 | 1:2.42 | 1:3.58
Expected Profit= +19.14% | +38.42% | +57.00%
Possible Loss= -15.90%
Fib. Retracement= 0.236 | 0.5 | 0.786
Margin Leverage= 2x
Estimated Gain-time= 10 days
Current Price= 0.13576
Sell Entry = 0.13920 - 0.14490
Take Profit= 0.12850 | 0.11480 | 0.10160
Stop Loss= 0.15340
Risk/Reward= 1:1.2 | 1:2.42 | 1:3.58
Expected Profit= +19.14% | +38.42% | +57.00%
Possible Loss= -15.90%
Fib. Retracement= 0.236 | 0.5 | 0.786
Margin Leverage= 2x
Estimated Gain-time= 10 days
Trade active
First entry filledVeChain got rejected on supply zone again, let's see if it can retrace down now.
Trade closed: target reached
TP1 reached with +19.14% (2x) and +1.2RAfter almost being stopped, VeChain got rejected and broke-down hitting first target.
It could keep retracing during coming days but SL moved to 2nd entry in any case (0.14490$).
Trade closed: target reached
TP2 reached with +38.42% (2x) and +2.42RVeChain broke-down 50MA and went for 2nd target, last one is still in play, SL at 1st entry now (0.13920$)
Trade closed: target reached
TP3 reached +57.00% (2x) and +3.58RThat's a wrap for VeChain short, all targets achieved, reversal could be in!
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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.