COMP / BitcoinLong
$COMP/BTC 4h (Binance Spot) Symmetrical triangle on support
Updated
Let's take advantage of a possible last leg down for Compound before the bounce.
Current Price= 0.007773
Buy Entry= 0.007725 - 0.007501
Take Profit= 0.008309 | 0.009235 | 0.010056
Stop Loss= 0.006979
Risk/Reward= 1:1.1 | 1:2.56 | 1:3.85
Expected Profit= +9.14% | +21.31% | +32.09%
Possible Loss= -8.33%
Fib. Retracement= 0.236 | 0.382 | 0.5
Margin Leverage= 1x
Estimated Gain-time= 2 weeks
Current Price= 0.007773
Buy Entry= 0.007725 - 0.007501
Take Profit= 0.008309 | 0.009235 | 0.010056
Stop Loss= 0.006979
Risk/Reward= 1:1.1 | 1:2.56 | 1:3.85
Expected Profit= +9.14% | +21.31% | +32.09%
Possible Loss= -8.33%
Fib. Retracement= 0.236 | 0.382 | 0.5
Margin Leverage= 1x
Estimated Gain-time= 2 weeks
Trade active
▶️CCOMP/BTC 4h: Trade active, first entry filled#Compound dipped a bit as planned, it will probably go for 2nd entry before starting to reverse.
Trade active
▶️CCOMP/BTC 4h: Second entry filled#Compound got rejected on 50MA so far but still looks good for a bounce to me!
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.