$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
Nota
Went down -12.50% (1x) from local topCompound started retracing as expected but entry was missed by 0.000222, that was quite near.
Dagangan ditutup: sasaran tercapai
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!
Dagangan ditutup: sasaran tercapai
TP3 reached with +67.91% and +2.91RCompound did a full retracement, that was precise! Recovery is around the corner now.
Always manage risk accordingly, respect leverage and position size!
Auto trading channels (using Cornix bot):
t.me/TradingOnCornix
t.me/HedgeMeDerivatives
t.me/HedgeMeSpot
Don't hesitate to DM for more info!
Auto trading channels (using Cornix bot):
t.me/TradingOnCornix
t.me/HedgeMeDerivatives
t.me/HedgeMeSpot
Don't hesitate to DM for more info!
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Always manage risk accordingly, respect leverage and position size!
Auto trading channels (using Cornix bot):
t.me/TradingOnCornix
t.me/HedgeMeDerivatives
t.me/HedgeMeSpot
Don't hesitate to DM for more info!
Auto trading channels (using Cornix bot):
t.me/TradingOnCornix
t.me/HedgeMeDerivatives
t.me/HedgeMeSpot
Don't hesitate to DM for more info!
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.