$LINA/USDT 2h (#Bybit) Ascending channel on resistance

Linear faked-out and got rejected forming an evening star with a shooting star on local top, a retracement down would make sense.

⚡️⚡️ #LINA/USDT ⚡️⚡️
Exchanges: Binance Futures, ByBit USDT
Signal Type: Regular (Short)
Leverage: Isolated (3.2X)
Amount: 4.9%

Current Price:
0.01703

Entry Zone:
0.01719 - 0.01835

Take-Profit Targets:
1) 0.01508
2) 0.01305
3) 0.01103

Stop Targets:
1) 0.02002

Published By: @TradingOn

$LINA #LINAUSDT #Linear #DeFi

Risk/Reward= 1:1.2 | 1:2.1 | 1:3.0
Expected Profit= +48.4% | +85.0% | +121.4%%
Possible Loss= -40.5%
Estimated Gaintime= 5-10 days

linear.finance

Trade active:

Entry filled

Trade closed: target reached:

🎯TP1 reached with +1.2R

Linear got rejected as expected and retraced down almost hitting 2nd target!
Lower targets are still in play, SL adjusted above entry in any case.

Trade closed: target reached:

🎯$LINA/USDT 4h (#Bybit) TP2 reached with +2.1R

Linear continued with the retracement down, losing 100EMA support and hitting 2nd target.
Last target is in play, Stop edited below entry now to secure the trade!

Trade closed: target reached:

🎯TP3 was hit with +3.0R

LINA made it to final target before bouncing back, such a good trade it was!