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Sep 24, 2020 11:30 AM

MKR/USDT 6h (Binance Fut.) Descending channel facing resistance Short

MKR / TetherUS PERPETUAL CONTRACTBinance

Description

Maker is facing parallel channel resistance again, I expect more downtrend.

Current Price= 460.33
Buy Entry= 459.80 - 472.10
Take Profit= 438.07 | 413.21 | 385.28
Stop Loss= 492.41

Risk/Reward= 1:05 | 1:1.99 | 1:3.05
Expected Profit= +17.94% | +33.96% | +51.93%
Possible Loss= -17.04%

Fib. Retracement= 0.236 | 0.382 | 0.5
Margin Leverage= 3x
Estimated Gain-time= 480h

Trade closed: stop reached

Stopped with -17.04% loss from average entry
Resistance broke bullish, I'd better let Maker alone for a while...
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