$DEFI/USDT 4h (Binance Futures) Ascending channel on midline
Updated
DeFi tokens are hyped again and the Composite index is showing strength.
Current Price= 3255.9
Buy Entry = 3204.0 - 3130.0
Take Profit= 3513.9| 3830.4 | 4362.9
Stop Loss= 2919.2
Risk/Reward= 1:1.4 | 1:2.68 | 1:4.83
Expected Profit= +21.90% | +41.90% | +75.52%
Possible Loss= -15.64%
Fib. Retracement= 0.786 | 1.272 | 2
Margin Leverage= 2x
Estimated Gain-time= 2 weeks
Current Price= 3255.9
Buy Entry = 3204.0 - 3130.0
Take Profit= 3513.9| 3830.4 | 4362.9
Stop Loss= 2919.2
Risk/Reward= 1:1.4 | 1:2.68 | 1:4.83
Expected Profit= +21.90% | +41.90% | +75.52%
Possible Loss= -15.64%
Fib. Retracement= 0.786 | 1.272 | 2
Margin Leverage= 2x
Estimated Gain-time= 2 weeks
Trade closed: target reached
TP1 would have been reached with +21.90% (2x)DeFi going up nicely today but unluckily entry was missed by 13.3$, too bad...
If you were in manually you can take some partial profit here since it's facing 50MA resistance now!
Trade closed: target reached
TP2 would have been reached with +41.90% (2x)DeFi index making a new All Time High in Binance Futures!
Trade closed: target reached
TP1 reached with +21.90% (2x) and +1.4RDeFi went back for us in the end and instantly pumped to 1st target after, nice!
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