$GTC/USDT 4h (Binance Fut.) Symmetrical triangle break & retest
Gitcoin broke bullish and is pulling back to demand zone & 50MA support where it would probably bounce again.
Current Price= 7.344
Buy Entry = 7.022 - 6.740
Take Profit= 7.727 | 8.348 | 9.531
Stop Loss= 6.202
Risk/Reward= 1:1.25 | 1:2.16 | 1:3.9
Expected Profit= +24.58% | +42.64% | +77.02%
Possible Loss= -19.74%
Fib. Retracement= 0.5 | 0.786 | 1.272
Margin Leverage= 2x
Estimated Gain-time= 10 days
Current Price= 7.344
Buy Entry = 7.022 - 6.740
Take Profit= 7.727 | 8.348 | 9.531
Stop Loss= 6.202
Risk/Reward= 1:1.25 | 1:2.16 | 1:3.9
Expected Profit= +24.58% | +42.64% | +77.02%
Possible Loss= -19.74%
Fib. Retracement= 0.5 | 0.786 | 1.272
Margin Leverage= 2x
Estimated Gain-time= 10 days
Order cancelled
CL with 0% and 0R after TP3 was hitGitcoin in a similar situation, steady growth following 50MA and never retested 100EMA, time to cancel!
Manual profit was up to +64.12% (2x) if you entered from the beginning, don't hesitate to partially TP here.
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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.