TradingOn

$ETH/USDT 3D (Binance Futures) Ascending triangle break & retest

Long
BINANCE:ETHUSDTPERP   Ethereum / TetherUS PERPETUAL FUTURES
Ethereum bounced on 50MA / ascending TL support and has formed a bullish flag , let's catch next dip for a mid-term swing!

Current Price= 4152.58
Buy Entry = 4006.05 - 3456.01
Take Profit= 4998.85 | 6999.83 | 10431. 40
Stop Loss= 2882.99

Risk/Reward= 1:1.5 | 1:3.85| 1:7.9
Expected Profit= +33.98% | +87.61% | +179.58%
Possible Loss= -22.73%

Fib. Retracement= 1.117| 1.414 | 1.764
Margin Leverage= 1x
Estimated Gain-time= 5 months

Website: https://ethereum.org

Contracts:
#Mainnet
#BEP20 0x2170ed0880ac9a755fd29b2688956bd959f933f8
#BEP2 ETH-1C9
#TomoChain 0x2eaa73bd0db20c64f53febea7b5f5e5bccc7fb8b
#HECO 0x64ff637fb478863b7468bc97d30a5bf3a428a1fd
#Avalanche 0xf20d962a6c8f70c731bd838a3a388d7d48fa6e15
#Sora 0x0200070000000000000000000000000000000000000000000000000000000000
#RSK 0x1D931Bf8656d795E50eF6D639562C5bD8Ac2B78f
Trade active: First entry filled

Ethereum dipping as planned so far, time to start buying and laddering down the demand zone.

Trade closed: stop reached: SL hit with -22.73% (1x) and -1R

Ethereum lost 50MA then 100EMA supports and broke-down, not what we expected at all...
Will take time to recover from that, now we need to wait for what market has in store for us!


Always manage risk accordingly and respect leverage!

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