$OCEAN/USDT 3D (#Bybit) Broadening channel on resistance

Ocean Protocol has been up-trending and is now facing 100EMA, RSI looks overbought, a bearish rejection would make sense.

⚡️⚡️ #OCEAN/USDT ⚡️⚡️
Exchanges: ByBit USDT
Signal Type: Regular (Short)
Leverage: Isolated (1.5X)
Amount: 7.1%

Current Price:
0.2461

Entry Zone:
0.2475 - 0.2821

Take-Profit Targets:
1) 0.2057
2) 0.1613
3) 0.1168

Stop Targets:
1) 0.3142

Published By: @TradingOn

Risk/Reward= 1:1.2 | 1:2.1 | 1:3.0
Expected Profit= +33.48% | +58.63% | +83.84%
Possible Loss= -27.98%

Fib. Retracement= 0.382 | 0.618 | 1
Margin Leverage= 1.5x
Estimated Gain-time= 3 months

Tags: #OCEANUSDT #AI #BigData #Scaling #Storage #Web3 #DeFi

Website: oceanprotocol.com

Trade active:

All entries filled

Ocean Protocol got rejected as expected so far and is now sitting on 100EMA.
Tricky situation since it could be a bullish retest but we'll stick to the plan!

Trade closed: stop reached:

SL hit with -1.0R

Ocean Protocol pushed higher, it was a bullish retest of 100EMA after all!
Tempting to try again since we still expect a pull-back but no clear rejection yet.