COMP/BTC 16h (Binance) Double curve forming W-shaped recovery
Compound is looking very bullish right now and I'm expecting it to continue its recovery to a new local High or even ATH.
This is a Spot call, but you could also manually operate it in Isolated Margin account borrowing BTC to buy COMP!
Current Price= 0.016758
Buy Entry=0.016809 - 0.015349
Take Profit= 0.019178 | 0.023289 | 0.028746
Stop Loss= 0.013486
Risk/Reward= 1:1.2 | 1:2.78 | 1:4.89
Expected Profit= +19.27% | +44.84% | +78.78%
Possible Loss= -16.13%
Fib. Retracement= 0.618 | 1 | 1.416
Margin Leverage= 1x | 3x | 5x
Estimated Gain-time= 900h
This is a Spot call, but you could also manually operate it in Isolated Margin account borrowing BTC to buy COMP!
Current Price= 0.016758
Buy Entry=0.016809 - 0.015349
Take Profit= 0.019178 | 0.023289 | 0.028746
Stop Loss= 0.013486
Risk/Reward= 1:1.2 | 1:2.78 | 1:4.89
Expected Profit= +19.27% | +44.84% | +78.78%
Possible Loss= -16.13%
Fib. Retracement= 0.618 | 1 | 1.416
Margin Leverage= 1x | 3x | 5x
Estimated Gain-time= 900h
Trade closed: target reached:
TP1 was first reached with +18% then second target missed by 0.000289₿
After that it dropped and bounced on the curve I previsouly drew, so uptrend is still valid.
After that it dropped and bounced on the curve I previsouly drew, so uptrend is still valid.
