$ICP/USDT 4h (Binance Fut.) Descending channel under resistance
Internet Computer Protocol (formerly known as Dfinity) has broken bearish after ascending TL was lost.
Now retesting 50MA resistance, we expect to bounce back on it and continue the retracement down.
Current Price= 63.24
Sell Entry = 63.98 - 67.14
Take Profit= 58.63 | 53.85 | 49.48
Stop Loss= 71.42
Risk/Reward= 1:1.18 | 1:2 | 1:2.74
Expected Profit= +21.14% | +35.72% | +49.06%
Possible Loss= -17.88%
Fib. Retracement= 0.382 | 0.5 | 0.618
Margin Leverage= 2x
Estimated Gain-time= 10 days
Now retesting 50MA resistance, we expect to bounce back on it and continue the retracement down.
Current Price= 63.24
Sell Entry = 63.98 - 67.14
Take Profit= 58.63 | 53.85 | 49.48
Stop Loss= 71.42
Risk/Reward= 1:1.18 | 1:2 | 1:2.74
Expected Profit= +21.14% | +35.72% | +49.06%
Possible Loss= -17.88%
Fib. Retracement= 0.382 | 0.5 | 0.618
Margin Leverage= 2x
Estimated Gain-time= 10 days
Dagangan ditutup: sasaran tercapai
TP1 would have been reached with up to +22.02% (2x)Internet Computer Protocol got rejected strong as expected, unfortunately entry was missed by 0.13$ (0.20%), so near.
Congratulations if you entered manually anyway, you can start grabbing some partial profit here!
Dagangan aktif
All entries filledAfter almost hitting TP2, Internet Computer Protocol bounced back and broke-out the channel.
Seems more likely to continue bullish but ascending TL is not regain yet so we'll stick to the original plan!
If you don't feel confident about that set-up anymore, you can close here in small loss.
Dagangan ditutup: hentian tercapai
SL hit with -17.88% (2x) and -1RInternet Computer Protocol bounced back on 50MA and went for asc TL retest, we are out for now.
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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.