$XCN/USDT 8h (#Bybit) Descending trendline breakout & retest

Onyxcoin (a.k.a. Chain) is pulling back to 200MA support after a clear bullish move and just printed an inverted hammer, looks good for more recovery.

⚡️⚡️ #XCN/USDT ⚡️⚡️
Exchanges: ByBit USDT
Signal Type: Regular (Long)
Leverage: Isolated (1.2X)
Amount: 6.9%

Current Price:
0.01463

Entry Targets:
1) 0.01435

Take-Profit Targets:
1) 0.01953

Stop Targets:
1) 0.01089

Published By: @TradingOn

Risk/Reward= 1:1.5
Expected Profit= +43.3%
Possible Loss= -28.9%
Estimated Gaintime= 3 weeks

$XCN #XCNUSDT #Onyxcoin #Chain

onyx.org/

Trade active:

Entry filled

Trade closed: stop reached:

SL hit with -28.9% (1.2x) and -1.0R

Onyxcoin lost 200MA and invalidated the inverted hammer, leading to a sell-off towards previous low.