$MKR/USDT 8h (Binance Futures) Ascending triangle on support

٤ ديسمبر ٢٠٢٠

#Maker DAO is looking ready for a big move up like his little brother Compound already did.
On lower Time Frame we can see an ascending channel forming as well, this could lead the way up if doesn't pull-back more.

Current Price= 544.91
Buy Entry= 544.80 - 534.00
Take Profit= 561.69 | 586.21 | 617.15
Stop Loss= 517.11

Risk/Reward= 1:1 | 1:2.68 | 1:4.21
Expected Profit= +8.26% | +17.36% | +28.82%
Possible Loss= -8.26%

Fib. Retracement= 0.382 | 0.786 | 1.272
Margin Leverage= 2x
Estimated Gain-time= 720h

٦ ديسمبر ٢٠٢٠

تم فتح الصفقة

All entries filled

#Maker went down as expected, it would be nice to see a bull reaction soon!
I redrew a bit the parallel channel, still seems valid to me, time to wait now.

٦ ديسمبر ٢٠٢٠

أغلقت الصفقة: تم الوصول لوقف الخسارة

Stopped out with -8.26% (2x) from average entry

#Maker wasn't ready to go up yet, we'll probably see 500$ or near then.
I'll try again next week if goes down there and show some reversal sign!