ZIL/USDT 1h (Binance Fut.) Descending channel facing resistance
Updated
Well, since #Zillliqa is not willing to go upside, let's try to trade it to the downside then.
Current Price= 0.01784
Sell Entry = 0.01785 - 0.01809
Take Profit= 0.01739 | 0.01701 | 0.01673
Stop Limit= 0.01855
Risk/Reward= 1:1 | 1:1.66 | 1:2.14
Expected Profit= +12.92% | +21.36% | +27.60%
Possible Loss= -12.92%
Fib. Retracement= 0.786 | 1.272 | 1.618
Margin Leverage= 4x
Estimated Gain-time= 120h
Current Price= 0.01784
Sell Entry = 0.01785 - 0.01809
Take Profit= 0.01739 | 0.01701 | 0.01673
Stop Limit= 0.01855
Risk/Reward= 1:1 | 1:1.66 | 1:2.14
Expected Profit= +12.92% | +21.36% | +27.60%
Possible Loss= -12.92%
Fib. Retracement= 0.786 | 1.272 | 1.618
Margin Leverage= 4x
Estimated Gain-time= 120h
Trade closed: stop reached
Stopped with -12.92% (4x) from average entryI was about to cancel this set-up this morning at entry because it wasn't going as planned.
But I doubted for some minutes then price went up suddenly and I wasn't able to react fast enough.
Sorry about that, I really should close a position when not feeling it!
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