$COMP/USDT 1h (Binance Futures) Descending trendline breakout

20 במאי 2021

Compound is looking ready for recovery after that local break-out.

Current Price= 494.81
Buy Entry = 497.60 - 473.70
Take Profit= 567.50 | 617.90 | 688.90
Stop Loss= 430.91

Risk/Reward= 1:1.5 | 1:2.42 | 1:3.71
Expected Profit= +33.70% | +54.46% | +83.70%
Possible Loss= -22.54%

Fib. Retracement= 1 | 1.272 | 1.618
Margin Leverage= 2x
Estimated Gain-time= 3 days

20 במאי 2021

עסקה סגורה: היעד הושג

TP1 reached +30.98% (2x) and +1.5R

Compound bounced nicely and hit first target here at 50MA retest!

21 במאי 2021

הערה

Back to entry

Compound lost 50MA support and dipped back to buy zone.
You can stick with original SL but be aware that PC bot would close if 2nd entry is crossed (473.70$)