$DEFI/USDT 90m (Binance Fut.) Falling broadening wedge breakout
DeFi index has broken out of that bullish pattern, looks promising for short-term recovery.
Current Price= 1334.4
Buy Entry = 1281.5 - 1252.4
Take Profit= 1392.9 | 1459.0 | 1558.8
Stop Loss= 1165.9
Risk/Reward= 1:1.25 | 1:1.9 | 1:2.89
Expected Profit= +19.88% | +30.30% | +46.06%
Possible Loss= -15.96%
Fib. Retracement= 0.5 | 0.618 | 0.786
Margin Leverage= 2x
Estimated Gain-time= 1 week
Current Price= 1334.4
Buy Entry = 1281.5 - 1252.4
Take Profit= 1392.9 | 1459.0 | 1558.8
Stop Loss= 1165.9
Risk/Reward= 1:1.25 | 1:1.9 | 1:2.89
Expected Profit= +19.88% | +30.30% | +46.06%
Possible Loss= -15.96%
Fib. Retracement= 0.5 | 0.618 | 0.786
Margin Leverage= 2x
Estimated Gain-time= 1 week
Trade closed: target reached
TP3 would have been reached with +46.06% (2x) and +2.89RUnluckily, entry was missed by only 18.8$ (~1.5%) since it was too optimistic.
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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.