$DEFI/USDT 4h (Binance Futures) Descending channel on support
Updated
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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