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