$COMP/USDT 1D (Binance Futures) Bullish flag forming
Updated
Compound is looking ready to break bullish, but I wouldn't be surprise if markets pulls back a last time before that!
You can start manually buying some in Spot, but in Futures we'd rather wait for the safe entry.
Current Price= 458.5
Buy Entry= 405.45 - 376.09
Take Profit= 507.39 | 672.26 | 1024.81
Stop Loss= 311.93
Risk/Reward= 1:1.5 | 1:3.6 | 1:8.1
Expected Profit= +30.01% | +72.26% | +162.59%
Possible Loss= -20.07%
Fib. Retracement= 0.786 | 1.272 | 2
Margin Leverage= 1x
Estimated Gain-time= 2 months
You can start manually buying some in Spot, but in Futures we'd rather wait for the safe entry.
Current Price= 458.5
Buy Entry= 405.45 - 376.09
Take Profit= 507.39 | 672.26 | 1024.81
Stop Loss= 311.93
Risk/Reward= 1:1.5 | 1:3.6 | 1:8.1
Expected Profit= +30.01% | +72.26% | +162.59%
Possible Loss= -20.07%
Fib. Retracement= 0.786 | 1.272 | 2
Margin Leverage= 1x
Estimated Gain-time= 2 months
Note
Went up without us for nowCompound broke bullish without pulling back, but we'd rather be patient for a possible retest of the flag before big bullish move.
Note
Retesting channel supportCompound is retracing locally and respecting the plan so far.
I will start to partially buy some in Spot now and wait patiently for entry zone in Futures!
Trade active
1st entry filledCompound finally dipped lower and hit buy zone and bounced.
I recommend you to manually long some and add in open range if goes down there again.
Note
Second entry filledCompound lost 100EMA and dipped lower, could keep going to retest channel before reversing!
Trade closed: target reached
TP1 reached with +30.01% and +1.5RCompound bounced on flag retest and regained 50MA, looking good for bullish continuation!
Trade closed: target reached
🎯TP2 reached with +72.26% (1x) and +3.6RCompound dipped a last time to entry zone then hit second target bringing clear profit without leverage!
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