SNX/USDT 2h (Binance Futures) Rising wedge near breakdown
Let's give it another try with Synthetix Network Token showing a clear bearish pattern.
Current Price= 7.411
Sell Entry= 7.365 - 7.567
Take Profit= 6.872 | 6.311 |5.955
Stop Loss= 8.060
Risk/Reward= 1:1 | 1:2.95 | 1:4.27
Expected Profit= +23.88% | +46.42% | +60.72%
Possible Loss= -23.88%
Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 3x
Estimated Gain-time= 120h
Current Price= 7.411
Sell Entry= 7.365 - 7.567
Take Profit= 6.872 | 6.311 |5.955
Stop Loss= 8.060
Risk/Reward= 1:1 | 1:2.95 | 1:4.27
Expected Profit= +23.88% | +46.42% | +60.72%
Possible Loss= -23.88%
Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 3x
Estimated Gain-time= 120h
Trade closed: target reached:
TP3 with +60% using only 3x
At least this one hedge a little bit, I'm glad I insisted shorting.
At least this one hedge a little bit, I'm glad I insisted shorting.
