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