COMP/USDT 8h (Binance Fut) Descending channel on midline support

15. Okt. 2020

#Compound retracement is almost over, be ready for uptrend soon!

Current Price= 105.43
Buy Entry= 107.19 - 103.59
Take Profit= 116.79 | 127.66 | 135.99
Stop Loss= 93.99

Risk/Reward= 1:1 | 1:1.95 | 1:2.68
Expected Profit= +10.82% | +21.13% | +29.04%
Possible Loss= -10.82%

Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 360h

16. Okt. 2020

Trade ist aktiv

All entries filled

#Compound dipped more than I expected, but it's back above midline and a falling wedge is forming.
So I'm still positive about that trade, since I'm not levering I'll stick to it.

20. Okt. 2020

Anmerkung

Still holding that long, SL wasn't hit yet but not looking so good

Breaking that wedge wasn't enough to propel the price up and dipped even more afterwards.
I'll stick to it anyway, no leverage so I can afford losing the trade, I believe #Compound can surprise us!

20. Okt. 2020

Trade geschlossen: Stop wurde erreicht

Stopped with -10.82% (1x)

Bad moment for ALTS market, better take a step back for some time.