ETC/USDT 12h (Binance Fut) Descending triangle facing resistance

Ethereum Classic is having a hard time breaking this TL and 100EMA so I expect some more rejection.
Still, a last leg-up is highly probable, that's why my entry zone is up there.
Current Price= 5.450
Sell Entry= 5.553 - 5.757
Take Profit= 5.280 | 5.000 | 4.810
Stop Loss= 6.014
Risk/Reward= 1:1.1 | 1:1.91 | 1:2.45
Expected Profit= +20.40% | +35.22% | +45.27%
Possible Loss= -18.48%
Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 3x
Estimated Gain-time= 720h
Still, a last leg-up is highly probable, that's why my entry zone is up there.
Current Price= 5.450
Sell Entry= 5.553 - 5.757
Take Profit= 5.280 | 5.000 | 4.810
Stop Loss= 6.014
Risk/Reward= 1:1.1 | 1:1.91 | 1:2.45
Expected Profit= +20.40% | +35.22% | +45.27%
Possible Loss= -18.48%
Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 3x
Estimated Gain-time= 720h
Always manage risk, respect leverage & position size!
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t.me/TradingOnCornix (3 TPs)
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Auto trading channels using Cornix bot:
t.me/TradingOnCornix (3 TPs)
t.me/HedgeMeDerivatives (1 TP)
t.me/HedgeMeSpot (vs BTC)
Don't hesitate to send DM for more info.
Related publications
Disclaimer
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Always manage risk, respect leverage & position size!
Auto trading channels using Cornix bot:
t.me/TradingOnCornix (3 TPs)
t.me/HedgeMeDerivatives (1 TP)
t.me/HedgeMeSpot (vs BTC)
Don't hesitate to send DM for more info.
Auto trading channels using Cornix bot:
t.me/TradingOnCornix (3 TPs)
t.me/HedgeMeDerivatives (1 TP)
t.me/HedgeMeSpot (vs BTC)
Don't hesitate to send DM for more info.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.