XMR/USDT 4h (Binance Futures) Descending channel near breakout
#Monero could take advantage of the current bullish momentum to make a new leg up.
Since 200MA and parabolic curve seem to act as support, it would be the best place to enter in my opinion.
Current Price= 122.11
Buy Entry= 121.07 - 117.87
Take Profit= 125.09 | 129.80 | 137.85
Stop Loss= 113.85
Risk/Reward= 1:1 | 1:1.84 | 1:3.27
Expected Profit= +9.40% | +17.30% | +30.76%
Possible Loss= -9.40%
Fib. Retracement= 0.236 | 0.382 | 0.618
Margin Leverage= 2x
Estimated Gain-time= 240h
Since 200MA and parabolic curve seem to act as support, it would be the best place to enter in my opinion.
Current Price= 122.11
Buy Entry= 121.07 - 117.87
Take Profit= 125.09 | 129.80 | 137.85
Stop Loss= 113.85
Risk/Reward= 1:1 | 1:1.84 | 1:3.27
Expected Profit= +9.40% | +17.30% | +30.76%
Possible Loss= -9.40%
Fib. Retracement= 0.236 | 0.382 | 0.618
Margin Leverage= 2x
Estimated Gain-time= 240h
Trade active:
First entry filled and bounced.
