XMR/USDT 12h (Binance Futures) Parabolic channel breakdown

#Monero broke bearish and is now inside descending channel, the idea is to sell at resistance.
I believe downtrend will continue this month, now is time for other ALTs to shine!

Current Price= 117.83
Buy Entry= 117.94 - 122.94
Take Profit= 109.27 | 101.51 | 94.32
Stop Loss= 129.06

Risk/Reward= 1:1.3 | 1:2.2 | 1:3.03
Expected Profit= +9.27% | +15.72% | +21.69%
Possible Loss= -7.16%

Fib. Retracement= 0.382 | 0.5 | 0.618
Margin Leverage= 1x
Estimated Gain-time= 480h

İşlem aktif:

First entry filled.

Yorum:

First target missed by 0.99$ then bounced.

That was very closed, now it is back to sell zone, I just added more to my position expecting it to dump again.

İşlem aktif:

Second entry was filled.

Then Monero faked-out to the upside and is now back to entry.
I'll stick to it since it's the only short I've got running on High Time Frame.
But you can decide to close now if you don't want to take the risk, or reduce your position at Break Even.

İşlem kapandı: hedefe ulaştı:

TP1 with +7.66% (1x)

As you probably saw, I adjusted first target a bit (up to 111.22$) during weekend to secure that trade for Monero!
Original descending channel seems to have broken out upward, but drawing a new one I still see more downtrend so I'll stick to it.
This is the good thing with low leverage, you can let it run without worrying too much.

PC bot would close the position if Buy max is hit, that's why I updated it to 123.04$.
By the way, you can also modify my signal by changing the values then clicking on Personalize button if you want to.