$COMP/USDT 1h (Binance Futures) Descending trendline breakout Long

COMP / TetherUS PERPETUAL CONTRACTBinance

Description

⋅ May 20, 2021 9:31 AM

Compound is looking ready for recovery after that local break-out.

Current Price= 494.81
Buy Entry = 497.60 - 473.70
Take Profit= 567.50 | 617.90 | 688.90
Stop Loss= 430.91

Risk/Reward= 1:1.5 | 1:2.42 | 1:3.71
Expected Profit= +33.70% | +54.46% | +83.70%
Possible Loss= -22.54%

Fib. Retracement= 1 | 1.272 | 1.618
Margin Leverage= 2x
Estimated Gain-time= 3 days

Trade closed: target reached

⋅ May 20, 2021 1:30 PM

TP1 reached +30.98% (2x) and +1.5R

Compound bounced nicely and hit first target here at 50MA retest!

Comment

⋅ May 21, 2021 3:13 PM

Back to entry

Compound lost 50MA support and dipped back to buy zone.
You can stick with original SL but be aware that PC bot would close if 2nd entry is crossed (473.70$)