$COMP/USDT 30m (Binance Futures) Rising wedge near breakdown
This is very zoomed in view for Compound, a bit risky, trying to scalp short the pullback.
Current Price= 502.44
Sell Entry= 508.75 - 518.55
Take Profit= 481.65 | 455.57 | 414.39
Stop Loss= 545.65
Risk/Reward= 1:1 | 1:1.81 | 1:3.1
Expected Profit= +12.46% | +22.62% | +38.64%
Possible Loss= -12.46%
Fib. Retracement= 0.5 | 0.782 | 1.272
Margin Leverage= 2x
Estimated Gain-time= 120h
Current Price= 502.44
Sell Entry= 508.75 - 518.55
Take Profit= 481.65 | 455.57 | 414.39
Stop Loss= 545.65
Risk/Reward= 1:1 | 1:1.81 | 1:3.1
Expected Profit= +12.46% | +22.62% | +38.64%
Possible Loss= -12.46%
Fib. Retracement= 0.5 | 0.782 | 1.272
Margin Leverage= 2x
Estimated Gain-time= 120h
Trade closed: target reached
TP2 reached with +22.62% and 1.81RPerfect timing for a scalp on Compound, last target still in play but SL at 1st entry now.
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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.