ETH/USDT 6h (Binance Futures) Ascending channel on support
#Ethereum just dipped again, almost retesting the lower line channel.
I believe we could see a last leg down to give us entry and then start looking upwards.
Current Price= 384.70
Buy Entry= 383.11 - 376.77
Take Profit= 390.94 | 402.42 | 410.78
Stop Loss= 113.85
Risk/Reward= 1:1 | 1:2.04 | 1:2.8
Expected Profit= +8.70% | +17.76% | +24.36%
Possible Loss= -8.70%
Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 3x
Estimated Gain-time= 360h
I believe we could see a last leg down to give us entry and then start looking upwards.
Current Price= 384.70
Buy Entry= 383.11 - 376.77
Take Profit= 390.94 | 402.42 | 410.78
Stop Loss= 113.85
Risk/Reward= 1:1 | 1:2.04 | 1:2.8
Expected Profit= +8.70% | +17.76% | +24.36%
Possible Loss= -8.70%
Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 3x
Estimated Gain-time= 360h
Trade active:
Entries filled and bounced
#Ethereum is going as planned so far, let's see if it can break 386$ now!
#Ethereum is going as planned so far, let's see if it can break 386$ now!
Order cancelled:
Near average entry with -1.53% (3x)
After going up almost to first target, #Ethereum broke-down that ascending channel and it's retesting it right now.
Today is not a good day to take any unnecessary risk so I decided to close and wait for reversal sign to enter short!
After going up almost to first target, #Ethereum broke-down that ascending channel and it's retesting it right now.
Today is not a good day to take any unnecessary risk so I decided to close and wait for reversal sign to enter short!
Trade closed: target reached:
TP2 would have been reached by now with +17.76% (3x)
If you stuck to long and did not cancel the trade, congrats because you can take a nice profit now.
Seems like it was a fake-out to the downside after all, a bit sad that I switch bias on the only ALT that went up, but I guess that's part of the "game"... 😔
Price went up to upper-line of small descending channel, let's wait for a clear breakout and retest before entering long, we don't want to FOMO on top!
If you stuck to long and did not cancel the trade, congrats because you can take a nice profit now.
Seems like it was a fake-out to the downside after all, a bit sad that I switch bias on the only ALT that went up, but I guess that's part of the "game"... 😔
Price went up to upper-line of small descending channel, let's wait for a clear breakout and retest before entering long, we don't want to FOMO on top!
