COMP / BitcoinLong
$COMP/BTC 12h (Binance Spot) Symmetrical triangle on support
Updated
Compound is preparing for next move, I believe it will be to the upside.
Current Price= 0.006463
Buy Entry= 0.006419 - 0.006053
Take Profit= 0.007081 | 0.007669 | 0.008780
Stop Loss= 0.005391
Risk/Reward= 1:1 | 1:1.66 | 1:2.92
Expected Profit= +13.55% | +22.98% | +40.80%
Possible Loss= -13.55%
Fib. Retracement= 0.5 | 0.786 | 1.272
Margin Leverage= 1x
Estimated Gain-time= 480h
Current Price= 0.006463
Buy Entry= 0.006419 - 0.006053
Take Profit= 0.007081 | 0.007669 | 0.008780
Stop Loss= 0.005391
Risk/Reward= 1:1 | 1:1.66 | 1:2.92
Expected Profit= +13.55% | +22.98% | +40.80%
Possible Loss= -13.55%
Fib. Retracement= 0.5 | 0.786 | 1.272
Margin Leverage= 1x
Estimated Gain-time= 480h
Trade closed: target reached
TP2 reached with +22.98% (1x)After a fake-out to the downside, #Compound pumped and went for second target.
Unfortunately, PC bot sold remaining position at Break Even after reaching TP1...
But if you manually traded it, enjoy that profit and hold the rest for the last one!
Since triangle broke-out upwards this time, I expect a small pull-back then resuming the uptrend.
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