MKR/USDT 6h (Binance Fut.) Descending channel facing resistance
Updated
Maker is facing parallel channel resistance again, I expect more downtrend.
Current Price= 460.33
Buy Entry= 459.80 - 472.10
Take Profit= 438.07 | 413.21 | 385.28
Stop Loss= 492.41
Risk/Reward= 1:05 | 1:1.99 | 1:3.05
Expected Profit= +17.94% | +33.96% | +51.93%
Possible Loss= -17.04%
Fib. Retracement= 0.236 | 0.382 | 0.5
Margin Leverage= 3x
Estimated Gain-time= 480h
Current Price= 460.33
Buy Entry= 459.80 - 472.10
Take Profit= 438.07 | 413.21 | 385.28
Stop Loss= 492.41
Risk/Reward= 1:05 | 1:1.99 | 1:3.05
Expected Profit= +17.94% | +33.96% | +51.93%
Possible Loss= -17.04%
Fib. Retracement= 0.236 | 0.382 | 0.5
Margin Leverage= 3x
Estimated Gain-time= 480h
Trade closed: stop reached
Stopped with -17.04% loss from average entryResistance broke bullish, I'd better let Maker alone for a while...
Related publications
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.