$XTZ/USDT 4h (Binance Futures) Descending channel breakout Long

Tezos / TetherUS PERPETUAL CONTRACTBinance

Description

⋅ Nov 5, 2021 11:17 AM

Tezos regained 100EMA and this time it seems ready to resume the up-trend for good!
Working with a PoS consensus algorithm, this is one of the fastest growing ecosystem for NFT, DeFi / BSC and Gaming, more info on tezos.com

Current Price= 6.722
Buy Entry = 6.685 - 6.453
Take Profit= 7.499 | 8.609 | 9.725
Stop Loss= 5.947

Risk/Reward= 1:1.5 | 1:3.28 | 1:5.07
Expected Profit= +28.32% | +62.10% | +96.08%
Possible Loss= -18.94%

Fib. Retracement= 0.618 | 0.883 | 1.117
Margin Leverage= 2x
Estimated Gain-time= 3 weeks

Trade active

⋅ Nov 10, 2021 9:07 PM

All entries filled

Tezos dipped a bit more than expected and lost 100EMA support but set-up remains valid for now since 50MA is holding!

Trade closed: stop reached

⋅ Nov 10, 2021 9:07 PM

SL hit with -18.94% (2x) and -1R

Tezos did not manage to stay above the channel and stop has been hunted, not cool.

Comments

trytofeelpositive

⋅ Nov 7, 2021 9:51 AM

share my idea with u