$COMP/USDT 1h (Binance Futures) Descending trendline breakout

20 May 2021

Compound is looking ready for recovery after that local break-out.

Current Price= 494.81
Buy Entry = 497.60 - 473.70
Take Profit= 567.50 | 617.90 | 688.90
Stop Loss= 430.91

Risk/Reward= 1:1.5 | 1:2.42 | 1:3.71
Expected Profit= +33.70% | +54.46% | +83.70%
Possible Loss= -22.54%

Fib. Retracement= 1 | 1.272 | 1.618
Margin Leverage= 2x
Estimated Gain-time= 3 days

20 May 2021

İşlem kapandı: hedefe ulaştı

TP1 reached +30.98% (2x) and +1.5R

Compound bounced nicely and hit first target here at 50MA retest!

21 May 2021

Not

Back to entry

Compound lost 50MA support and dipped back to buy zone.
You can stick with original SL but be aware that PC bot would close if 2nd entry is crossed (473.70$)