TradingOn

$API3/USDT 12h (#BinanceFutures) Descending trendline breakout

Long
TradingOn Premium Updated   
BINANCE:API3USDTPERP   API3 / TetherUS PERPETUAL FUTURES
Application Programming Interface 3 is holding above 50MA support and looks ready for a sharp recovery, let's bid!

Current Price= 5.624
Buy Entry = 5.505 - 5.257
Take Profit= 6.127 | 6.756 | 7.295
Stop Loss= 4.782

Risk/Reward= 1:1.25 | 1:2.3 | 1:3.2
Expected Profit= +27.72% | +51.10% | +71.14%
Possible Loss= -22.26%

Fib. Retracement= 0.5 | 0.618 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 1-2 months

Tags: #API3 #API3USDT #API #Oracle #Web3 #PoS #Staking #DAO #Governance #DeFi

Website: https://api3.org/

Contract:
#ERC20 0x0b38210ea11411557c13457D4dA7dC6ea731B88a
Comment:
Margin Leverage= 2x*
Trade active:
All entries filled

API3 is dipping but hasn't bounced on support yet, let's stick to the plan anyway.

Trade closed: stop reached:
SL hit with -22.26% (2x) and -1R

API3 did not manage to regain 50MA and made a LL, let's take the loss and move on.


Always manage risk accordingly, respect leverage & position size!

Auto Trading Bot channels:
https://t.me/TradingOnCornix (Entry zone / 3 targets)
https://t.me/HedgeMeDerivatives (Bybit & Binance Futures)
https://t.me/HedgeMeSpot (Binance & KuCoin)
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.