$AAVE/USDT 12h (Binance Futures) Ascending channel on support

12 Mar 2021

Aave is on Trend-Line, parallel channel and 100EMA support, it seems to be ready for another leg-up!
Also we can see a break and retest so resuming the up-trend here would be likely.

Current Price= 368.024
Buy Entry= 366.786 - 352.586
Take Profit= 440.407 | 582.832 | 711.557
Stop Loss= 299.944

Risk/Reward= 1:1.35 | 1:3.74 | 1:5.89
Expected Profit= +22.44% | +62.04% | +97.83%
Possible Loss= -16.61%

Fib. Retracement= 0.618 | 1 | 1.272
Margin Leverage= 1x
Estimated Gain-time= 1 month

13 Mar 2021

İşlem aktif

1st entry filled

Aave bounced and is going rather well I must say, +19.45% already!
100EMA acted nicely as support, road to first target now, wait for it.

15 Mar 2021

İşlem aktif

2nd entry filled and bouncing

Seems like Aave needed to hit the demand zone a last time, glad we caught that dip!

24 Mar 2021

İşlem kapandı: durdurma seviyesi

SL hit with -16.61% (1x) and -1R

Similar situation for Aave, 100EMA lost then leg down to 200MA and TL support.
That is too sad after being in such profit, but that the law of crypto volatility!