XMR/USDT 1D (Binance Fut.) Ascending channel facing resistance
Monero has got a nice recovery from beginning of month dump, but it seems it's running out of fuel here.
I guess a retracement is due, at least a small one but maybe down to 100EMA if we are lucky enough!
Current Price= 96.62
Sell Entry= 96.96 - 100.00
Take Profit= 93.03 | 89.07 | 83.00
Stop Loss= 102.85
Risk/Reward= 1:1.25 | 1:2.15 | 1:3.54
Expected Profit= +16.59% | +28.68% | +47.16%
Possible Loss= -13.32%
Fib. Retracement= 0.236 | 0.382 | 0.618
Margin Leverage= 3x
Estimated Gain-time= 1080h
I guess a retracement is due, at least a small one but maybe down to 100EMA if we are lucky enough!
Current Price= 96.62
Sell Entry= 96.96 - 100.00
Take Profit= 93.03 | 89.07 | 83.00
Stop Loss= 102.85
Risk/Reward= 1:1.25 | 1:2.15 | 1:3.54
Expected Profit= +16.59% | +28.68% | +47.16%
Possible Loss= -13.32%
Fib. Retracement= 0.236 | 0.382 | 0.618
Margin Leverage= 3x
Estimated Gain-time= 1080h
Trade active:
All entries filled.
We are still facing the same resistance and I can see a rising wedge forming.
I decided to update SL up to 104.01 to avoid being stopped on a wick, R/R= 1:0.99 for TP1 now.
You can stick to the original one (102.85) or follow me on this, as you wish!
We are still facing the same resistance and I can see a rising wedge forming.
I decided to update SL up to 104.01 to avoid being stopped on a wick, R/R= 1:0.99 for TP1 now.
You can stick to the original one (102.85) or follow me on this, as you wish!
