COMP / BitcoinLong
COMP/BTC 16h (Binance) Double curve forming W-shaped recovery
Updated
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.
Related publications
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.