COMP/USDT 8h (Binance Fut) Descending channel on midline support
#Compound retracement is almost over, be ready for uptrend soon!
Current Price= 105.43
Buy Entry= 107.19 - 103.59
Take Profit= 116.79 | 127.66 | 135.99
Stop Loss= 93.99
Risk/Reward= 1:1 | 1:1.95 | 1:2.68
Expected Profit= +10.82% | +21.13% | +29.04%
Possible Loss= -10.82%
Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 360h
Current Price= 105.43
Buy Entry= 107.19 - 103.59
Take Profit= 116.79 | 127.66 | 135.99
Stop Loss= 93.99
Risk/Reward= 1:1 | 1:1.95 | 1:2.68
Expected Profit= +10.82% | +21.13% | +29.04%
Possible Loss= -10.82%
Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 360h
Trade active:
All entries filled
#Compound dipped more than I expected, but it's back above midline and a falling wedge is forming.
So I'm still positive about that trade, since I'm not levering I'll stick to it.
#Compound dipped more than I expected, but it's back above midline and a falling wedge is forming.
So I'm still positive about that trade, since I'm not levering I'll stick to it.
Trade closed: stop reached:
Stopped with -10.82% (1x)
Bad moment for ALTS market, better take a step back for some time.
Bad moment for ALTS market, better take a step back for some time.
Breaking that wedge wasn't enough to propel the price up and dipped even more afterwards.
I'll stick to it anyway, no leverage so I can afford losing the trade, I believe #Compound can surprise us!