XRM/USDT 12H (Binance Fut.) Ascending channel and triangle
TA: Monero bounced on 200MA (green one) acting as support and forming an ascending triangle (bullish pattern).
Also I can see a big parallel channel holding the up-trend, I hope it will keep this way!
Current Price= 63.72
Buy Entry= 63.72 - 62.32
Take Profit= 67.82 | 72.72 | 80.11
Stop Loss= 58.22
Risk/Reward= 1:1 | 1:1.94 | 1:3.36
Expected Profit= 24.90% | 48.39% | 83.79%
Possible Loss= -24.90%
Fib. Retracement= 0.786 | 1.272 | 2
Margin Leverage= 3x
Estimated Gain-time= 720h
Also I can see a big parallel channel holding the up-trend, I hope it will keep this way!
Current Price= 63.72
Buy Entry= 63.72 - 62.32
Take Profit= 67.82 | 72.72 | 80.11
Stop Loss= 58.22
Risk/Reward= 1:1 | 1:1.94 | 1:3.36
Expected Profit= 24.90% | 48.39% | 83.79%
Possible Loss= -24.90%
Fib. Retracement= 0.786 | 1.272 | 2
Margin Leverage= 3x
Estimated Gain-time= 720h
Comment:
EDIT: XMR/USDT not XRM/USDT of course!
Comment:
EDIT: Entry Range is 63.72 - 61.52 and SL is 57.42 like in the chart
Comment:
It is going up but due to BTC situation I put closer SL and TP1
Trade closed: target reached:
New TP1 reached with +5.81% (17.43% using 3x as recommended).
Then buy zone was revisited and best entry was filled so higher targets are still valid!
Then buy zone was revisited and best entry was filled so higher targets are still valid!
