DEFI / TetherUS PERPETUAL CONTRACT
Long
Updated

$DEFI/USDT 1D (Binance Futures)Symmetrical triangle break retest

16
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
Trade active
1st entry filled

DeFi CompositeIndex dipped enough to let us in, time to look back up now!

snapshot
Trade active
2nd & 3rd entries filled

DeFi Composite Index almost hit first target then pulled back to demand zone again, 100EMA seems to be holding!

snapshot

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.