$DEFI/USDT 1D (Binance Futures)Symmetrical triangle break retest
DeFi Composite Index bounced on 200MA support and seems strong enough to resume the bullish trend here.
Current Price= 2416.9
Buy Entry= 2400.1 - 2226.1
Take Profit= 2913.7 | 3727.5 | 5019.1
Stop Loss= 1911.4
Risk/Reward= 1:1.5 | 1:3.52 | 1:6.74
Expected Profit= +25.97% | +61.15% | +116.99%
Possible Loss= -17.37%
Fib. Retracement= 0.702 | 1.117 | 1.618
Margin Leverage= 1x
Estimated Gain-time= 4 months
binance.com/en/futures/funding-history/3?contract=DEFIUSDT
Current Price= 2416.9
Buy Entry= 2400.1 - 2226.1
Take Profit= 2913.7 | 3727.5 | 5019.1
Stop Loss= 1911.4
Risk/Reward= 1:1.5 | 1:3.52 | 1:6.74
Expected Profit= +25.97% | +61.15% | +116.99%
Possible Loss= -17.37%
Fib. Retracement= 0.702 | 1.117 | 1.618
Margin Leverage= 1x
Estimated Gain-time= 4 months
binance.com/en/futures/funding-history/3?contract=DEFIUSDT
Trade active
1st entry filledDeFi CompositeIndex dipped enough to let us in, time to look back up now!
Trade active
2nd & 3rd entries filledDeFi Composite Index almost hit first target then pulled back to demand zone again, 100EMA seems to be holding!
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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.