TradingOn

$ZEN/USDT 2D (Binance Futures) Ascending trendline on support

Long
BINANCE:ZENUSDTPERP   Horizen / TetherUS PERPETUAL FUTURES
Horizen is accumulating above 50MA and seems ready to push higher mid-term, probably after a last pull-back!
More information about that hybrid PoW (Proof Of Work) / PoS (Proof Of Stake) blockchain, also a Privacy coin on https://www.horizen.io/

Current Price= 80.474
Buy Entry = 78.906 - 71.922
Take Profit= 94.360 | 123.937 | 166.552
Stop Loss= 60.198

Risk/Reward= 1:1.25 | 1:3.19 | 1:5.99
Expected Profit= +25.12% | +64.34% | +120.85%
Possible Loss= -20.18%

Fib. Retracement= 0.618 | 1 | 1.414
Margin Leverage= 1x
Estimated Gain-time= 4 months
Trade active: First entry filled

Dip caught for Horizen, so far so good, let's keep it this way!

Trade closed: target reached: TP1 reached with +25.12% (1x) and +1.25R

Horizen pushed higher as forecast, good thing we entered right on time!
Looks good for more, SL updated to lowest entry (71.922$) to secure the trade.

Trade closed: target reached: TP2 was reached with +64.34% (1x) and +3.19R

Horizen legged up hitting 2nd target briefly, unfortunately copy traders were stopped out at 2nd entry on that past wick down to 100EMA!
Congrats if you were still in manually, in that case you made a nice profit, you can move SL to first entry if you want to secure it (78.906$)


Always manage risk accordingly and respect leverage!

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