ADA/USDT 4H (Binance Fut.) Rejected on upward channel resistance
After reaching good targets longing Cardano vs Bitcoin, it also looks ready to retrace in TetherUS.
I'm expected at least a decent pullback, maybe down to the midline (the dashed one), set-up:
Sell Entry= 0.04293 - 0.04373
Take Profit= 0.04157 | 0.04009 | 0.03768
Stop Loss= 0.04514
Risk/Reward= 1:1 | 1:1.79 | 1:3.13
Expected Profit= 20.90% | 37.40% | 65.30%
Possible Loss= -20.90%
Fib. Retracement= 0.236 | 0.382 | 0.618
Margin Leverage= 5x
I'm expected at least a decent pullback, maybe down to the midline (the dashed one), set-up:
Sell Entry= 0.04293 - 0.04373
Take Profit= 0.04157 | 0.04009 | 0.03768
Stop Loss= 0.04514
Risk/Reward= 1:1 | 1:1.79 | 1:3.13
Expected Profit= 20.90% | 37.40% | 65.30%
Possible Loss= -20.90%
Fib. Retracement= 0.236 | 0.382 | 0.618
Margin Leverage= 5x
Trade closed: target reached:
TP1 hit with +20.90% profit then went up again.
