$COMP/USDT (Binance Futures) Falling wedge breakout

2021年9月1日

Compound is looking good for bullish continuation here after regaining 100EMA and breaking out.

Current Price= 455.95
Buy Entry = 455.63 - 442.81
Take Profit= 496.82 | 548.43 | 601.95
Stop Loss= 1039.8

Risk/Reward= 1:1.25 | 1:2.6 | 1:4
Expected Profit= +21.20% | +44.16% | +68.00%
Possible Loss= -17.02%

Fib. Retracement= 0.786| 1.117 | 1.414
Margin Leverage= 2x
Estimated Gain-time= 5 weeks

2021年9月1日

註釋

EDIT:
Stop Loss= 410.99 (as chart is indicating)

2021年9月2日

交易結束：目標達成

First entry filled

Compound moved up to +14.50% (2x) then got rejected on descending TL again, next attempt would be it!
50MA was just retested after that and seems to be acting as support nicely.

2021年9月8日

交易結束：目標達成

TP1 was reached with +21.20% (2x) and +1.25R

Similar situation with Compound, remaining position closed in small loss: -2.86% (2x) since 2nd target was missed by 3.10% (18.03$).