ADA/USDT 8h (Binance Fut.) Descending channel facing resistance
#Cardano could reversal here, upper-line channel and also 100EMA are acting as resistance, I see more downtrend coming.
Quite risky because could break out upwards but I'll give it a try, i stopped better switch to long a on pullback!
Current Price= 0.9739
Sell Entry= 0.09700 - 0.09996
Take Profit= 0.09354 | 0.08620 | 0.08133
Stop Loss= 0.10342
Risk/Reward= 1:1 | 1:2.49 | 1:3.47
Expected Profit= +15.06% | +37.41% | 52.23%
Possible Loss= -15.06%
Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 3x
Estimated Gain-time= 600h
Quite risky because could break out upwards but I'll give it a try, i stopped better switch to long a on pullback!
Current Price= 0.9739
Sell Entry= 0.09700 - 0.09996
Take Profit= 0.09354 | 0.08620 | 0.08133
Stop Loss= 0.10342
Risk/Reward= 1:1 | 1:2.49 | 1:3.47
Expected Profit= +15.06% | +37.41% | 52.23%
Possible Loss= -15.06%
Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 3x
Estimated Gain-time= 600h
Trade chiuso: stop raggiunto
Stopped with -15% from average entryWell it definitely was a clear breakout at last, now it's pulling-back.
I would start to long on the broken channel & TL (Trend-Line) retest.
Basically you can use the sell zone as a buy zone now: 0.1000 - 0.0970$
Always manage risk, respect leverage & position size!
Auto trading channels using Cornix bot:
t.me/TradingOnCornix (3 TPs)
t.me/HedgeMeDerivatives (1 TP)
t.me/HedgeMeSpot (vs BTC)
Don't hesitate to send DM for more info.
Auto trading channels using Cornix bot:
t.me/TradingOnCornix (3 TPs)
t.me/HedgeMeDerivatives (1 TP)
t.me/HedgeMeSpot (vs BTC)
Don't hesitate to send DM for more info.
Pubblicazioni correlate
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Always manage risk, respect leverage & position size!
Auto trading channels using Cornix bot:
t.me/TradingOnCornix (3 TPs)
t.me/HedgeMeDerivatives (1 TP)
t.me/HedgeMeSpot (vs BTC)
Don't hesitate to send DM for more info.
Auto trading channels using Cornix bot:
t.me/TradingOnCornix (3 TPs)
t.me/HedgeMeDerivatives (1 TP)
t.me/HedgeMeSpot (vs BTC)
Don't hesitate to send DM for more info.
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.