XRM/USDT 12H (Binance Fut.) Ascending channel and triangle
TA: Monero bounced on 200MA (green one) acting as support and forming an ascending triangle (bullish pattern).
Also I can see a big parallel channel holding the up-trend, I hope it will keep this way!
Current Price= 63.72
Buy Entry= 63.72 - 62.32
Take Profit= 67.82 | 72.72 | 80.11
Stop Loss= 58.22
Risk/Reward= 1:1 | 1:1.94 | 1:3.36
Expected Profit= 24.90% | 48.39% | 83.79%
Possible Loss= -24.90%
Fib. Retracement= 0.786 | 1.272 | 2
Margin Leverage= 3x
Estimated Gain-time= 720h
Also I can see a big parallel channel holding the up-trend, I hope it will keep this way!
Current Price= 63.72
Buy Entry= 63.72 - 62.32
Take Profit= 67.82 | 72.72 | 80.11
Stop Loss= 58.22
Risk/Reward= 1:1 | 1:1.94 | 1:3.36
Expected Profit= 24.90% | 48.39% | 83.79%
Possible Loss= -24.90%
Fib. Retracement= 0.786 | 1.272 | 2
Margin Leverage= 3x
Estimated Gain-time= 720h
Note
EDIT: XMR/USDT not XRM/USDT of course!Note
EDIT: Entry Range is 63.72 - 61.52 and SL is 57.42 like in the chartNote
It is going up but due to BTC situation I put closer SL and TP1Trade closed: target reached
New TP1 reached with +5.81% (17.43% using 3x as recommended).Then buy zone was revisited and best entry was filled so higher targets are still valid!
Always manage risk, respect leverage & position size!
Auto trading channels using Cornix bot:
t.me/TradingOnCornix (3 TPs)
t.me/HedgeMeDerivatives (1 TP)
t.me/HedgeMeSpot (vs BTC)
Don't hesitate to send DM for more info.
Auto trading channels using Cornix bot:
t.me/TradingOnCornix (3 TPs)
t.me/HedgeMeDerivatives (1 TP)
t.me/HedgeMeSpot (vs BTC)
Don't hesitate to send DM for more info.
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.
Always manage risk, respect leverage & position size!
Auto trading channels using Cornix bot:
t.me/TradingOnCornix (3 TPs)
t.me/HedgeMeDerivatives (1 TP)
t.me/HedgeMeSpot (vs BTC)
Don't hesitate to send DM for more info.
Auto trading channels using Cornix bot:
t.me/TradingOnCornix (3 TPs)
t.me/HedgeMeDerivatives (1 TP)
t.me/HedgeMeSpot (vs BTC)
Don't hesitate to send DM for more info.
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.