$RLC/USDT 3h (Binance Futures) Descending channel near breakout

iExec RLC is regaining 50MA support and seems ready to make another big move-up!

Current Price= 2.9354
Buy Entry= 2.9388 - 2.8028
Take Profit= 3.4406 | 4.1521 | 5.1283
Stop Loss= 2.5443

Risk/Reward= 1:1.75 | 1:3.92 | 1:6.91
Expected Profit= +39.70% | +89.26% | +157.28%
Possible Loss= -22.74%

Fib. Retracement= 0.382 | 0.618 | 0.883
Margin Leverage= 2x
Estimated Gain-time= 2 weeks

İşlem kapandı: hedefe ulaştı:

TP1 reached with +39.70% and +1.75R

iExecRLC precisely hit first target after almost stopping us out, a bit of luck this time.
Gain-time extended and SL updated to lowest entry (2.8028$) to secure the trade!

İşlem elle kapatılmış:

Remaining position was closed with -4.74% (2x) and -0.21R

iExecRLC could not continue with the up-trend and pulled back to demand zone, still looks promising though.