TradingOn

$ETH/USDT 4h (#BinanceFutures) Descending channel on support

Long
BINANCE:ETHUSDTPERP   Ethereum / TetherUS PERPETUAL FUTURES
Ethereum looks good for a bounce back on demand zone / 200MA for a move towards 50MA.

Current Price= 3074.42
Buy Entry = 3074.01 - 3000.33
Take Profit= 3215.95 | 3350.59 | 3455.31
Stop Loss= 2887.57

Risk/Reward= 1:1.2 | 1:2.1 | 1:2.8
Expected Profit= +17.67% | +30.96% | +41.31%
Possible Loss= -14.79%

Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 3x
Estimated Gain-time= 2 weeks

Tags: #ETH #ETHUSDT #Altcoin #PoW #Mining #Eth2 #PoS #Staking #SC #DApp #Governance #DeFi #BSC #BC #SolEco

Website: https://ethereum.org

Contracts:
#Mainnet
#BEP20 0x2170ed0880ac9a755fd29b2688956bd959f933f8
#BEP2 ETH-1C9
#SPL 2FPyTwcZLUg1MDrwsyoP4D6s1tM7hAkHYRjkNb5w6Pxk
Trade active: All entries filled

Ethereum did not bounce on channel but found support slightly lower and RSI looks oversold.

Trade closed: stop reached: SL was hit with -14.79% (3x) and -1R

Ethereum stop hunted us on that last wick down then bounced back to entry, that's too bad.


Always manage risk accordingly and respect leverage!

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