$COMP/BTC 3D (Binance Margin) Symmetrical triangle on resistance
Compound pumped very nicely but it is about to face strong resistance and RSI is quite high.
We expect a last push up before probably starting to reverse, if you bought lower you can take some profit on that zone too!
Current Price= 0.014715
Sell Entry = 0.015580 - 0.017230
Take Profit= 0.011628 | 0.008104 | 0.005263
Stop Loss= 0.020241
Risk/Reward= 1:1.15 | 1:2.08 | 1:2.97
Expected Profit= +19.47% | +35.38% | +50.47%
Possible Loss= -17.00%
Fib. Retracement= 0.618 | 1 | 1.414
Margin Leverage= 1x
Estimated Gain-time= 5 months
We expect a last push up before probably starting to reverse, if you bought lower you can take some profit on that zone too!
Current Price= 0.014715
Sell Entry = 0.015580 - 0.017230
Take Profit= 0.011628 | 0.008104 | 0.005263
Stop Loss= 0.020241
Risk/Reward= 1:1.15 | 1:2.08 | 1:2.97
Expected Profit= +19.47% | +35.38% | +50.47%
Possible Loss= -17.00%
Fib. Retracement= 0.618 | 1 | 1.414
Margin Leverage= 1x
Estimated Gain-time= 5 months
ملاحظة
Went down -12.50% (1x) from local topCompound started retracing as expected but entry was missed by 0.000222, that was quite near.
أغلقت الصفقة: تم الوصول للهدف
TP1 would have been reached with up to +27.54%Compound kept retracing down, now sitting on 100EMA potential support.
Could be a good spot to start reducing the short position here since a bounce is likely!
أغلقت الصفقة: تم الوصول للهدف
TP3 reached with +67.91% and +2.91RCompound did a full retracement, that was precise! Recovery is around the corner now.
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.