$MANA/USDT 4h (Binance Futures) Ascending channel breakdown
Decentraland has broken bearish locally and is likely to retrace down after 50MA retest.
Current Price= 0.6676
Sell Entry = 0.7171 - 0.6919
Take Profit= 0.6313 | 0.5832 | 0.5273
Stop Loss= 0.7657
Risk/Reward= 1:1.2 | 1:1.98 | 1:2.9
Expected Profit= +20.78% | +34.44% | +50.30%
Possible Loss= -17.38%
Fib. Retracement= 0.618 | 0.786 | 1
Margin Leverage= 2x
Estimated Gain-time= 10 days
Current Price= 0.6676
Sell Entry = 0.7171 - 0.6919
Take Profit= 0.6313 | 0.5832 | 0.5273
Stop Loss= 0.7657
Risk/Reward= 1:1.2 | 1:1.98 | 1:2.9
Expected Profit= +20.78% | +34.44% | +50.30%
Possible Loss= -17.38%
Fib. Retracement= 0.618 | 0.786 | 1
Margin Leverage= 2x
Estimated Gain-time= 10 days
交易結束：目標達成:
TP1 reached with +20.78% (2x) and +1.2R
Decentraland tried to break-in the channel but got rejected a bit higher than expected.
Fortunately, Stop Loss was well placed and it was just updated to 2nd entry (0.7170$) now.
Also, we can observe a break-out and retest on the RSI that would indicate a possible bounce soon.
And drawing TLs using bodies shows us a symmetrical triangle on potential support here!
Decentraland tried to break-in the channel but got rejected a bit higher than expected.
Fortunately, Stop Loss was well placed and it was just updated to 2nd entry (0.7170$) now.
Also, we can observe a break-out and retest on the RSI that would indicate a possible bounce soon.
And drawing TLs using bodies shows us a symmetrical triangle on potential support here!
交易結束：目標達成:
TP2 reached with +34.44% (2x) and +1.98R
Decentraland bounced twice on TL support then finally broke it down!
Last target is in play, SL has been automatically moved to 1st entry (0.6920$).
Decentraland bounced twice on TL support then finally broke it down!
Last target is in play, SL has been automatically moved to 1st entry (0.6920$).
交易結束：目標達成:
TP3 reached with +50.30% (2x) and +2.9R
Decentraland went for all targets and even more, great to make such profit during market correction!
Decentraland went for all targets and even more, great to make such profit during market correction!
