$GTC/USDT 2h (Binance Fut.) Symmetrical triangle near breakdown

15 Jun 2021

Gitcoin has been listed few days ago and is down-trending, let's join on 50MA rejection.

Current Price= 10.518
Sell Entry = 10.629 - 11.039
Take Profit= 9.535 | 8.655| 7.545
Stop Loss= 11.876

Risk/Reward= 1:1.25 | 1:2.09 | 1:3.16
Expected Profit= +23.98% | +40.22% | +60.72%
Possible Loss= -19.24%

Fib. Retracement= 1 | 1.414 | 2
Margin Leverage= 2x
Estimated Gain-time= 1 week

16 Jun 2021

Dagangan ditutup: sasaran tercapai

TP1 reached with +23.98% (2x) and +1.25R

Gitcoin went for all entries then dumped as expected and made a Lower Low (LL).
More downtrend is likely but SL has been move to 2nd entry as usual (11.039$)

17 Jun 2021

Dagangan ditutup: sasaran tercapai

TP2 reached with +40.22% (2x) and +2.09R

Gitcoin kept dropping, nice to make profit on the way down, SL moved to 2nd entry (10.629$).

21 Jun 2021

Dagangan ditutup: sasaran tercapai

TP3 reached with +60.72% (2x) and +3.16R

That's a wrap for Gitcoin, went for all targets and even more, such an accuracy on that call.
Up to +96.60% (2x) profit made if you held manually until now, what a downtrend!