$COMP/USDT 6h (Binance Futures) Falling wedge facing resistance
Compound is surely down-trending, normally we would try to long here, but since it did not break-out yet better go with the flow!
Current Price= 385.77
Sell Entry= 385.40 - 385.40
Take Profit= 323.11 | 266.67 | 216.61
Stop Loss= 457.12
Risk/Reward= 1:1.25 | 1:2.19 | 1:3.03
Expected Profit= +18.70% | +32.90% | +45.50%
Possible Loss= -15.02%
Fib. Retracement= 0.618 | 1 | 1.414
Margin Leverage= 1x
Estimated Gain-time= 2 weeks
Current Price= 385.77
Sell Entry= 385.40 - 385.40
Take Profit= 323.11 | 266.67 | 216.61
Stop Loss= 457.12
Risk/Reward= 1:1.25 | 1:2.19 | 1:3.03
Expected Profit= +18.70% | +32.90% | +45.50%
Possible Loss= -15.02%
Fib. Retracement= 0.618 | 1 | 1.414
Margin Leverage= 1x
Estimated Gain-time= 2 weeks
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