$ICP/USDT 4h (Binance Fut.) Descending channel under resistance
Internet Computer Protocol (formerly known as Dfinity) has broken bearish after ascending TL was lost.
Now retesting 50MA resistance, we expect to bounce back on it and continue the retracement down.
Current Price= 63.24
Sell Entry = 63.98 - 67.14
Take Profit= 58.63 | 53.85 | 49.48
Stop Loss= 71.42
Risk/Reward= 1:1.18 | 1:2 | 1:2.74
Expected Profit= +21.14% | +35.72% | +49.06%
Possible Loss= -17.88%
Fib. Retracement= 0.382 | 0.5 | 0.618
Margin Leverage= 2x
Estimated Gain-time= 10 days
Now retesting 50MA resistance, we expect to bounce back on it and continue the retracement down.
Current Price= 63.24
Sell Entry = 63.98 - 67.14
Take Profit= 58.63 | 53.85 | 49.48
Stop Loss= 71.42
Risk/Reward= 1:1.18 | 1:2 | 1:2.74
Expected Profit= +21.14% | +35.72% | +49.06%
Possible Loss= -17.88%
Fib. Retracement= 0.382 | 0.5 | 0.618
Margin Leverage= 2x
Estimated Gain-time= 10 days
Trade closed: target reached:
TP1 would have been reached with up to +22.02% (2x)
Internet Computer Protocol got rejected strong as expected, unfortunately entry was missed by 0.13$ (0.20%), so near.
Congratulations if you entered manually anyway, you can start grabbing some partial profit here!
Internet Computer Protocol got rejected strong as expected, unfortunately entry was missed by 0.13$ (0.20%), so near.
Congratulations if you entered manually anyway, you can start grabbing some partial profit here!
Trade active:
All entries filled
After almost hitting TP2, Internet Computer Protocol bounced back and broke-out the channel.
Seems more likely to continue bullish but ascending TL is not regain yet so we'll stick to the original plan!
If you don't feel confident about that set-up anymore, you can close here in small loss.
After almost hitting TP2, Internet Computer Protocol bounced back and broke-out the channel.
Seems more likely to continue bullish but ascending TL is not regain yet so we'll stick to the original plan!
If you don't feel confident about that set-up anymore, you can close here in small loss.
Trade closed: stop reached:
SL hit with -17.88% (2x) and -1R
Internet Computer Protocol bounced back on 50MA and went for asc TL retest, we are out for now.
Internet Computer Protocol bounced back on 50MA and went for asc TL retest, we are out for now.
