$XTZ/USDT 4h (Binance Futures) Descending channel breakout
Tezos regained 100EMA and this time it seems ready to resume the up-trend for good!
Working with a PoS consensus algorithm, this is one of the fastest growing ecosystem for NFT, DeFi / BSC and Gaming, more info on tezos.com
Current Price= 6.722
Buy Entry = 6.685 - 6.453
Take Profit= 7.499 | 8.609 | 9.725
Stop Loss= 5.947
Risk/Reward= 1:1.5 | 1:3.28 | 1:5.07
Expected Profit= +28.32% | +62.10% | +96.08%
Possible Loss= -18.94%
Fib. Retracement= 0.618 | 0.883 | 1.117
Margin Leverage= 2x
Estimated Gain-time= 3 weeks
Working with a PoS consensus algorithm, this is one of the fastest growing ecosystem for NFT, DeFi / BSC and Gaming, more info on tezos.com
Current Price= 6.722
Buy Entry = 6.685 - 6.453
Take Profit= 7.499 | 8.609 | 9.725
Stop Loss= 5.947
Risk/Reward= 1:1.5 | 1:3.28 | 1:5.07
Expected Profit= +28.32% | +62.10% | +96.08%
Possible Loss= -18.94%
Fib. Retracement= 0.618 | 0.883 | 1.117
Margin Leverage= 2x
Estimated Gain-time= 3 weeks
Trade active
All entries filledTezos dipped a bit more than expected and lost 100EMA support but set-up remains valid for now since 50MA is holding!
Trade closed: stop reached
SL hit with -18.94% (2x) and -1RTezos did not manage to stay above the channel and stop has been hunted, not cool.
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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.