$CELR/USDT 1h (Binance Futures) Ascending trendline breakdown
Updated
Celer Network is retracing down and 50MA is acting as resistance now, more local downtrend is likely.
Current Price= 0.16432
Sell Entry = 0.16518 - 0.17280
Take Profit= 0.14620 | 0.13303 | 0.12104
Stop Loss= 0.1858
Risk/Reward= 1:1.3 | 1:2.04 | 1:2.74
Expected Profit= +26.98% | +42.56% | +56.74%
Possible Loss= -20.82%
Fib. Retracement= 0.382 | 0.5 | 0.618
Margin Leverage= 2x
Estimated Gain-time= 5 days
Current Price= 0.16432
Sell Entry = 0.16518 - 0.17280
Take Profit= 0.14620 | 0.13303 | 0.12104
Stop Loss= 0.1858
Risk/Reward= 1:1.3 | 1:2.04 | 1:2.74
Expected Profit= +26.98% | +42.56% | +56.74%
Possible Loss= -20.82%
Fib. Retracement= 0.382 | 0.5 | 0.618
Margin Leverage= 2x
Estimated Gain-time= 5 days
Trade active
First entry filledCeler Network continued the retracement as expected with up to +15.96% (2x).
Trade closed: target reached
TP1 reached with +26.98% (2x) and +1.3RCeler Network retraced further as planned, now sitting on 200MA support, SL move to highest entry (0.17280$).
Trade closed: target reached
TP2 was reached with +26.98% (2x) and +2.04RCeler Network almost went for last target before reversing, that was a nice short!
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