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Jun 8, 2020 6:53 PM

ADA/USDT 4H (Binance Fut.) Ascending channel facing resistance Short

Cardano / TetherUS PERPETUAL CONTRACTBinance

Description

Cardano has grown parabolic after breaking that bullish triangle and is at resistance again, like VeChain.
We could revisit the mid-line of the parallel channel before continue the uptrend, or maybe even retest the Trendline.

Current Price= 0.08582
Sell Entry= 0.08572 - 0.08812
Take Profit= 0.08097 | 0.07512 | 0.06568
Stop Loss= 0.09287

Risk/Reward= 1:1 | 1:1.98 | 1:3.57
Expected Profit= 27.40% | 54.32% | 97.76%
Possible Loss= -27.40%

Fib. Retracement= 0.236 | 0.382 | 0.618
Margin Leverage= 4x
Estimated Gain-time= 240h

Trade closed: target reached

TP2 hit with +54.32% (4x), that was really nice, bot already took me some good profit, I'm still holding a small part for last target.
If goes up to sell zone it will automatically sell before getting in loss so we are risk free now!
Some likes and comments are more than welcome.
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