$CHZ/USDT 2h (Binance Futures) Descending channel on resistance
Chiliz is being rejected on 50MA and upper-line channel so I believe local downtrend has not ended yet.
Current Price= 0.58358
Sell Entry= 0.57779 - 0.60023
Take Profit= 0.47981 | 0.40766 | 0.32326
Stop Loss= 0.68156
Risk/Reward= 1:1.2 | 1:1.98 | 1:2.9
Expected Profit= +18.63% | +30.86% | +45.18%
Possible Loss= -15.59%
Fib. Retracement= 0.5 | 0.618 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 5 days
Current Price= 0.58358
Sell Entry= 0.57779 - 0.60023
Take Profit= 0.47981 | 0.40766 | 0.32326
Stop Loss= 0.68156
Risk/Reward= 1:1.2 | 1:1.98 | 1:2.9
Expected Profit= +18.63% | +30.86% | +45.18%
Possible Loss= -15.59%
Fib. Retracement= 0.5 | 0.618 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 5 days
Trade active:
Both entries filled
Chiliz is moving as planned so far, let's hope it keeps this way until first target at least!
Chiliz is moving as planned so far, let's hope it keeps this way until first target at least!
