ETC/USDT 8H (Binance Fut.) Pennant on support, back to channel

TA: Ethereum Classic would probably retest the ascending parallel channel if pennant manage to hold and break up.

Current Price= 6.286
Buy Entry= 6.310 - 6.220
Take Profit= 6.591 | 6.969 | 7.237
Stop Loss= 5.939

Risk/Reward= 1:1 | 1:2.16 | 1:2.98
Expected Profit= 26.00% | 56.20% | 77.55%
Possible Loss= -26.00%

Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 5x
Estimated Gain-time= 360h

İşlem kapandı: durdurma seviyesi:

SL was hit with -5.20% loss (26.00% using 5x) before the big drop as you already know.
Too bad the fake-out didn't reached the first target before that...

Yorum:

Went up to +3.82% profit (19.10% using 5x) before dropping, a closer first target would have been better!