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$COMP/BTC 12h (Binance Spot) Falling wedge breakout and retest
COMP / Bitcoin
Long
$COMP/BTC 12h (Binance Spot) Falling wedge breakout and retest
By TradingOn
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Updated
Jan 8, 2021
7
Jan 8, 2021
Compound
Jan 8, 2021
Note
#Compound is looking bottomed here, let's swing!
Current Price= 0.004232
Buy Entry= 0.004246 - 0.003984
Take Profit= 0.004851 | 0.005513 | 0.006788
Stop Loss= 0.003615
Risk/Reward= 1:1.5 | 1:2.83 | 1:5.41
Expected Profit= +18.03% | +34.14% | +65.16%
Possible Loss= -12.04%
Fib. Retracement= 0.236 | 0.382 | 0.618
Margin Leverage= 1x
Estimated Gain-time= 600h
Jan 13, 2021
Trade closed: target reached
TP1 reached with +18.03% (1x) & 1.5R
Very nice move for #Compound, I hope you made the most of that call!
Now a W pattern is forming, road to higher targets I believe.
Jan 13, 2021
Trade closed: target reached
TP2 reached with +34.14% (1x) and 2.83R 🎯
Compound pushed higher, huge profit in Spot, wait for last target!
Jan 26, 2021
Trade closed: target reached
TP3 reached with +65.16% (1x) and 5.41R
#Compound went for all targets as well, very nice swing trade!
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