$DEFI/USDT 3h (Binance Futures) Falling wedge near breakout
DeFi index is about to break bullish, you can enter here of wait for a small pull-back!
Current Price= 1843.2
Buy Entry= 1808.3 - 1731.1
Take Profit= 1992.7 | 2131.2 | 2322.1
Stop Loss= 1591.6
Risk/Reward= 1:1.25 | 1:2.03 | 1:3.1
Expected Profit= +25.20% | +40.86% | +62.42%
Possible Loss= -20.12%
Fib. Retracement= 0.618 | 0.786 | 1
Margin Leverage= 2x
Estimated Gain-time= 2 weeks
Current Price= 1843.2
Buy Entry= 1808.3 - 1731.1
Take Profit= 1992.7 | 2131.2 | 2322.1
Stop Loss= 1591.6
Risk/Reward= 1:1.25 | 1:2.03 | 1:3.1
Expected Profit= +25.20% | +40.86% | +62.42%
Possible Loss= -20.12%
Fib. Retracement= 0.618 | 0.786 | 1
Margin Leverage= 2x
Estimated Gain-time= 2 weeks
Trade active
First entry filledDeFi dipped down to the buy zone, we are officially in.
Trade active
Second entry filledDeFi went down a bit more retesting the wedge and forming a bullish flag, let's wait for the bounce!
Trade closed: stop reached
SL hit with -20.12% (2x) and -1RDeFi broke the flag down and kept retracing, at least we got out "early" since it fell -15.20% after.
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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.