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$DEFI/USDT 3h (Binance Futures) Falling wedge near breakout

Long
BINANCE:DEFIUSDTPERP   DEFI / TetherUS PERPETUAL FUTURES
DeFi index is about to break bullish , you can enter here of wait for a small pull-back!

Current Price= 1843.2
Buy Entry= 1808.3 - 1731.1
Take Profit= 1992.7 | 2131.2 | 2322.1
Stop Loss= 1591.6

Risk/Reward= 1:1.25 | 1:2.03 | 1:3.1
Expected Profit= +25.20% | +40.86% | +62.42%
Possible Loss= -20.12%

Fib. Retracement= 0.618 | 0.786 | 1
Margin Leverage= 2x
Estimated Gain-time= 2 weeks
Trade active: First entry filled

DeFi dipped down to the buy zone, we are officially in.

Trade active: Second entry filled

DeFi went down a bit more retesting the wedge and forming a bullish flag, let's wait for the bounce!

Trade closed: stop reached: SL hit with -20.12% (2x) and -1R

DeFi broke the flag down and kept retracing, at least we got out "early" since it fell -15.20% after.


Always manage risk accordingly and respect leverage!

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