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Aug 24, 2020 12:34 PM

ETH/USDT 3h (Binance Fut.) Descending channel breakout Long

Ethereum / TetherUS PERPETUAL CONTRACTBinance

Description

If you keep missing out with Ethereum, you'd better do something about it!
This is another clear break-out to me and it could go for a new local high.

Current Price= 407.59
Buy Entry= 407.60 - 396.00
Take Profit= 433.15 | 469.65 | 497.47
Stop Loss= 375.74

Risk/Reward= 1:1.2 | 1:2.6 | 1:3.67
Expected Profit= +25.96% | +67.56% | +95.24%
Possible Loss= -25.96%

Fib. Retracement= 0.786 | 1.272 | 1.618
Margin Leverage= 4x
Estimated Gain-time= 240h

Trade active

All entries filled and bounced on ascending channel support so far.

Trade closed: stop reached

Support did not hold at last, Stop Loss was hit with -25.96%, sorry about that!

Comment

If you want to short it now, I made a new private idea:
Comments
MattieDsCryptoLounge
Nice setup. Im in! My setup looks like this, so lets make sure your targets get filled it would mean mine are as well:
TradingOn
@MattieDsCryptoLounge, looking really good too!
PolarHusk
nice update, thanks for sharing
Nurshakillallla
Awesome explanation
TradingOn
@Nurshakillallla, thanks mate, appreciate that!
Andreaekhard
management system.
what broker do you use for trading?
TradingOn
@Andreaekhard, as mentioned in title, this is Binance Futures pair.
Jeams_stonis
Great idea
TradingOn
@Jeams_stonis, thanks, you can check related ideas as well ;)
Gorge_patison
Nice job
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