NEO/USDT 4H (Binance Fut.) Ascending channel holding support Long

NEO / TetherUS PERPETUAL CONTRACTBinance

Description

⋅ Jun 11, 2020 4:31 PM

FA: Neo mainnet 3.0 is planned before end of year (Q4 2020) and is one of the oldest staking coin generating GAS (2% APR or so).

TA: Right now channel support is holding, I'm expecting price action to bounce up towards mid-line if we're lucky and patient enough.

Current Price= 11.287
Sell Entry= 11.101 - 11.337
Take Profit= 12.151 | 12.751 | 13.771
Stop Loss= 10.588

Risk/Reward= 1:1.5 | 1:2.46 | 1:4.08
Expected Profit= 50.16% | 82.26% | 136.80%
Possible Loss= -33.48%

Fib. Retracement= 0.5 | 0.786 | 1.272
Margin Leverage= 6x
Estimated Gain-time= 240h

Comment

⋅ Jun 11, 2020 5:19 PM

Well support didn't hold at all... But SL was updated in Prediction Coins to 10.277 (RR=1:1 for TP1). You can keep holding or choose to close now (CP= 10.816)

Trade closed: stop reached

⋅ Jun 15, 2020 8:37 AM

SL hit with -50.16%. I should have closed on break-event when I had the opportunity on the Trend-line retest... Next time!

Comments

ProjectSyndicate

⋅ Jun 11, 2020 6:47 PM

detailed overview. thank you for sharing with us.