$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 1.81R
Perfect timing for a scalp on Compound, last target still in play but SL at 1st entry now.
Perfect timing for a scalp on Compound, last target still in play but SL at 1st entry now.
