$DEFI/USDT 90m (Binance Futures)Ascending channel break & retest
DeFi Composite Index broke-down locally and just pulled back up, looks like a bearish retest.
Currently under descending trend-line resistance, we expect some rejection in the supply zone!
Current Price= 2045.8
Sell Entry = 2039.9 - 2073.5
Take Profit= 1962.3 | 1864.6 | 1770.1
Stop Loss= 2135.6
Risk/Reward= 1:1.2 | 1:2.43 | 1:3.63
Expected Profit= +18.36% | +37.36% | +55.72%
Possible Loss= -15.36%
Fib. Retracement= 0.236 | 0.382 | 0.5
Margin Leverage= 4x
Estimated Gain-time= 5 days
Currently under descending trend-line resistance, we expect some rejection in the supply zone!
Current Price= 2045.8
Sell Entry = 2039.9 - 2073.5
Take Profit= 1962.3 | 1864.6 | 1770.1
Stop Loss= 2135.6
Risk/Reward= 1:1.2 | 1:2.43 | 1:3.63
Expected Profit= +18.36% | +37.36% | +55.72%
Possible Loss= -15.36%
Fib. Retracement= 0.236 | 0.382 | 0.5
Margin Leverage= 4x
Estimated Gain-time= 5 days
