$MKR/USDT 4h (Binance Futures) Ascending triangle break & retest
Maker broke-down and it's retesting it right now, I think it could be a good hedge.
Current Price= 2388.88
Sell Entry= 2389.96 - 2498.48
Take Profit= 2069.59 | 1829.70 | 1618.86
Stop Loss= 2757.05
Risk/Reward= 1:1.2 | 1:1.96 | 1:2.64
Expected Profit= +15.33% | +25.14% | +33.77%
Possible Loss= -12.80%
Fib. Retracement= 0.382 | 0.5 | 0.618
Margin Leverage= 1x
Estimated Gain-time= 10 days
Current Price= 2388.88
Sell Entry= 2389.96 - 2498.48
Take Profit= 2069.59 | 1829.70 | 1618.86
Stop Loss= 2757.05
Risk/Reward= 1:1.2 | 1:1.96 | 1:2.64
Expected Profit= +15.33% | +25.14% | +33.77%
Possible Loss= -12.80%
Fib. Retracement= 0.382 | 0.5 | 0.618
Margin Leverage= 1x
Estimated Gain-time= 10 days
Trade closed: target reached:
TP2 reached with +25.14% (1x) and +1.96R
Maker got rejected on resistance as expected, at least shorts went well during that blood bath!
Maker got rejected on resistance as expected, at least shorts went well during that blood bath!
