ZEC/USDT 12h (Binance Futures) Descending channel retest
#Zcash has retested several time the broken Trendline, I'm expecting a bounce soon.
Current Price= 53.27
Buy Entry= 53.27 - 51.15
Take Profit= 59.66 | 65.24 | 69.51
Stop Loss= 46.16
Risk/Reward= 1:1.25 | 1:2.18 | 1:2.89
Expected Profit= +14.38% | +25.08% | +33.28%
Possible Loss= -11.50%
Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 1080h
Current Price= 53.27
Buy Entry= 53.27 - 51.15
Take Profit= 59.66 | 65.24 | 69.51
Stop Loss= 46.16
Risk/Reward= 1:1.25 | 1:2.18 | 1:2.89
Expected Profit= +14.38% | +25.08% | +33.28%
Possible Loss= -11.50%
Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 1080h
Trade closed: target reached:
TP1 with +14.38% (1x)
Trade closed: target reached:
TP3 reached with +31.54% (1x)
That was a wrap for Zcash, another proof that you don't always need leverage to make decent profit!
In fact, by holding it higher you could have grabbed up to 50% in less than 3 weeks, how about that?
If you are used to high leverage and not managing risk properly, you will probably end losing your gain at some point...
That was a wrap for Zcash, another proof that you don't always need leverage to make decent profit!
In fact, by holding it higher you could have grabbed up to 50% in less than 3 weeks, how about that?
If you are used to high leverage and not managing risk properly, you will probably end losing your gain at some point...
