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$DEFI/USDT 1D (Binance Futures)Symmetrical triangle break retest

Long
BINANCE:DEFIUSDTPERP   DEFI / TetherUS PERPETUAL FUTURES
DeFi Composite Index bounced on 200MA support and seems strong enough to resume the bullish trend here.

Current Price= 2416.9
Buy Entry= 2400.1 - 2226.1
Take Profit= 2913.7 | 3727.5 | 5019.1
Stop Loss= 1911.4

Risk/Reward= 1:1.5 | 1:3.52 | 1:6.74
Expected Profit= +25.97% | +61.15% | +116.99%
Possible Loss= -17.37%

Fib. Retracement= 0.702 | 1.117 | 1.618
Margin Leverage= 1x
Estimated Gain-time= 4 months

https://www.binance.com/en/futures/fundi...
Trade active: 1st entry filled

DeFi CompositeIndex dipped enough to let us in, time to look back up now!

Trade active: 2nd & 3rd entries filled

DeFi Composite Index almost hit first target then pulled back to demand zone again, 100EMA seems to be holding!


Always manage risk accordingly and respect leverage!

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