ETH/USDT 6h (Binance Futures) Ascending channel on support

Nov 2, 2020

#Ethereum just dipped again, almost retesting the lower line channel.
I believe we could see a last leg down to give us entry and then start looking upwards.

Current Price= 384.70
Buy Entry= 383.11 - 376.77
Take Profit= 390.94 | 402.42 | 410.78
Stop Loss= 113.85

Risk/Reward= 1:1 | 1:2.04 | 1:2.8
Expected Profit= +8.70% | +17.76% | +24.36%
Possible Loss= -8.70%

Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 3x
Estimated Gain-time= 360h

Nov 2, 2020

Trade active

Entries filled and bounced

#Ethereum is going as planned so far, let's see if it can break 386$ now!

Nov 3, 2020

Order cancelled

Near average entry with -1.53% (3x)

After going up almost to first target, #Ethereum broke-down that ascending channel and it's retesting it right now.
Today is not a good day to take any unnecessary risk so I decided to close and wait for reversal sign to enter short!

Nov 4, 2020

Trade closed: target reached

TP2 would have been reached by now with +17.76% (3x)

If you stuck to long and did not cancel the trade, congrats because you can take a nice profit now.

Seems like it was a fake-out to the downside after all, a bit sad that I switch bias on the only ALT that went up, but I guess that's part of the "game"... 😔
Price went up to upper-line of small descending channel, let's wait for a clear breakout and retest before entering long, we don't want to FOMO on top!