TradingOn

DEFI/USDT 8h (Binance F.) Descending channel breakout & pullback

Long
BINANCE:DEFIUSDTPERP   DEFI / TetherUS PERPETUAL FUTURES
As I was saying the other day, #DeFi is preparing for a bull-run .
This could still be early so better use low leverage or even none!

Current Price= 507.0
Buy Entry= 504.0 - 474.0
Take Profit= 561.8 |669.9 | 759.3
Stop Loss= 416.2

Risk/Reward= 1:1 | 1:2.48 | 1:3.71
Expected Profit= +14.89% | +36.99% | +55.28%
Possible Loss= -14.89%

Fib. Retracement= 0.382| 0.618 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 600h

This was the original idea, I'm glad I waited for it:
Trade active: Back to lowest entry for second time!

#DeFi is still ranging so we'll need more patient for this trade to play out.
We could have taken +8.31% profit but I think targets are still reachable if crypto market consolidates!


Always manage risk accordingly and respect leverage!

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