$DEFI/USDT 4h (Binance Futures) Descending channel on support
Let's give DeFi composite index another chance to bounce and resume bullish!
Current Price= 1386.7
Buy Entry= 1364.3 - 1300.1
Take Profit= 1533.5 | 1769.4 | 2066.6
Stop Loss= 1148.4
Risk/Reward= 1:1.1 | 1:2.38 | 1:4
Expected Profit= +15.11% | +32.82% | +55.13%
Possible Loss= -13.80%
Fib. Retracement= 0.236 | 0.5 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 3 weeks
Current Price= 1386.7
Buy Entry= 1364.3 - 1300.1
Take Profit= 1533.5 | 1769.4 | 2066.6
Stop Loss= 1148.4
Risk/Reward= 1:1.1 | 1:2.38 | 1:4
Expected Profit= +15.11% | +32.82% | +55.13%
Possible Loss= -13.80%
Fib. Retracement= 0.236 | 0.5 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 3 weeks
Trade closed: stop reached
SL hit with -13.80% and -1RDeFi broke-down the channel and stop hunted us on that wick down, too bad 😔
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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.