TradingOn

AAVE/USDT 45m (Binance Fut) Descending channel breakout & retest

Long
TradingOn Updated   
BINANCE:AAVEUSDT.P   AAVE / TetherUS PERPETUAL CONTRACT
Aave could be forming a bull-flag here (continuation), I expect a last pullback down to 200MA before the next big move up.

Current Price= 56.971
Buy Entry= 54.837 - 51.837
Take Profit= 58.907 | 63.242 | 66.528
Stop Loss= 47.767

Risk/Reward= 1:1 | 1:1.78 | 1:2.37
Expected Profit= +10.44% | +18.57% | +24.73%
Possible Loss= -10.44%

Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 72h
Trade active:
Entries filled

#Aave is going as planned so far, let's wait patiently for a bounce now!

Trade closed: target reached:
TP1 with +10.44% (1x)

Well well well, that was so accurate I can't even believe it myself 🙈
I hope you held tight and use no leverage as I recommend, this is the way to go when high volatility is there!
Road to second target now, wait for it...

Trade closed: target reached:
TP2 hit with +18.57% (1x)

And there it went, nice profit! Now road to last target with SL at max entry (54.837$)


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.