ETC/USDT 4h (Binance Fut) Descending channel break-out
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TA: Ethereum Classic is looking quite bullish on LTF after that parallel channel break-out and retest.
I'm still holding a long on ETC/ BTC pair so let's scalp it in Futures too:
Current Price= 6.129
Buy Entry= 6.138 - 6.028
Take Profit= 6.357 | 6.464 | 6.615
Stop Loss= 5.799
Risk/Reward= 1:1 | 1:1.38 | 1:1.92
Expected Profit= +27.54% | +38.10% | +53.04%
Possible Loss= -27.54%
Fib. Retracement= 0.5 |0.618 | 0.786
Margin Leverage= 6x
Estimated Gain-time= 360h
I'm still holding a long on ETC/ BTC pair so let's scalp it in Futures too:
Current Price= 6.129
Buy Entry= 6.138 - 6.028
Take Profit= 6.357 | 6.464 | 6.615
Stop Loss= 5.799
Risk/Reward= 1:1 | 1:1.38 | 1:1.92
Expected Profit= +27.54% | +38.10% | +53.04%
Possible Loss= -27.54%
Fib. Retracement= 0.5 |0.618 | 0.786
Margin Leverage= 6x
Estimated Gain-time= 360h
Trade closed: target reached:
TP1 reached with that +3.57% move up (21.42% profit using 6x)
That was a perfect pull-back and retest pattern!
That was a perfect pull-back and retest pattern!
Always manage the risk accordingly and don't lever too much!
You can follow me on my Telegram channels:
https://t.me/TradingOnHigh (High Time Frame swings >= 4h)
https://t.me/TradingOnLow (Low Time Frame scalps <= 4h)
You can follow me on my Telegram channels:
https://t.me/TradingOnHigh (High Time Frame swings >= 4h)
https://t.me/TradingOnLow (Low Time Frame scalps <= 4h)
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