$KNC/USDT 4h (#BinanceFutures) Descending trendline breakout

Kyber Network Crystal is pulling back to 200MA support and is likely to bouynce on it!

kyber.network/

Current Price=1.335
Buy Entry= 1.338 - 1.278
Take Profit= 1.517 | 1.714 | 1.714
Stop Loss= 1.169

Risk/Reward= 1:1.5 | 1:2.92 | 1:4.2
Expected Profit= +31.96% | +62.08% | +89.30%
Possible Loss= -21.26%

Fib. Retracement= 0.382 | 0.559 | 0.702
Margin Leverage= 2x
Estimated Gain-time= 3 weeks

Trade attivo:

All entries filled

KyberNetworkCrystal dipped and bounced back as expected so far, let's see if it can resume bullish now.

Trade chiuso: obiettivo raggiunto:

TP1 reached with +31.96% (2x) and +1.5R

Kyber Network Crystal managed to regain 200MA support and pumped almost hitting TP2.
Higher targets remain valid, SL edited down to lowest entry (1.278$) to secure the trade.

Trade chiuso: obiettivo raggiunto:

TP2 reached with 62.10% (2x) and +2.92R

KyberNetworkCrystal is a survivor, probably the only token that was not sold off and remained strong during the blood bath.
Unluckily we've got kicked out, but If you were still in don't forget to take some profit and adjust SL to highest entry (1.338)

Trade chiuso: obiettivo raggiunto:

TP3 reached with +89.30% (2x) and +4.2R

KyberNetworkCrystal retested 50MA support then made it to final target, such an accurate set-up!