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$DEFI/USDT 1h (Binance Futures)Falling broadening wedge breakout

Long
BINANCE:DEFIUSDTPERP   DEFI / TetherUS PERPETUAL FUTURES
DeFi Composite Index looks good for bullish continuation after regaining 50MA support.
More information about Decentralized Finance tokens on https://www.binance.com/en/futures/fundi...

Current Price= 2365.6
Buy Entry = 2369.3 - 2343.5
Take Profit= 2444.6 | 2518.6 | 2616.1
Stop Loss= 2282.6

Risk/Reward= 1:1.2 | 1:2.2| 1:3.52
Expected Profit= +22.44% | +41.28% | +66.12%
Possible Loss= -18.76%

Fib. Retracement= 0.618 | 0.786 | 1
Margin Leverage= 6x
Estimated Gain-time= 1 week
Trade active: Trade active, all entries filled

DeFi perfectly dipped and bounced back so far, even more visible on that Time-Frame!

Trade closed: target reached: TP2 reached with +41.28% (6x) and +2.2R

Insane accuracy on DeFi index which only printed bullish candles since filled 📈 SL edited to 1st entry (2369.3$)
Will probably keep going but RSI entered overbought territory so we may see a small retracement first.

Trade closed: target reached: TP3 reached with +66.12% (6x) and +3.52R

DeFi index retraced right after last post then pumped back reaching final target, such a success!


Always manage risk accordingly and respect leverage!

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