VET/USDT 12H (Binance Fut.) Ascending channel & bull pennant
Diupdate
TA: VeChain is looking bullish again after forming that pennant and mid-line channel is supporting the price action.
I published that call in my telegram channel @TradingOnHigh on Sunday and entries have already been filled.
But I just updated first target and stop a bit closer now, so here's the new set-up:
Current Price= 0.008718
Buy Entry= 0.008668 - 0.008416
Take Profit= 0.009171 | 0.009987 | 357.11
Stop Loss= 0.007913
Risk/Reward= 1:1 | 1:2.3 | 1:4.56
Expected Profit= 22.08% | 50.76% | 100.77%
Possible Loss= -22.08%
Fib. Retracement= 0.5 | 0.786 | 1.272
Margin Leverage= 3x
Estimated Gain-time= 480h
I published that call in my telegram channel @TradingOnHigh on Sunday and entries have already been filled.
But I just updated first target and stop a bit closer now, so here's the new set-up:
Current Price= 0.008718
Buy Entry= 0.008668 - 0.008416
Take Profit= 0.009171 | 0.009987 | 357.11
Stop Loss= 0.007913
Risk/Reward= 1:1 | 1:2.3 | 1:4.56
Expected Profit= 22.08% | 50.76% | 100.77%
Possible Loss= -22.08%
Fib. Retracement= 0.5 | 0.786 | 1.272
Margin Leverage= 3x
Estimated Gain-time= 480h
Catatan
Last target is 0.011411 USDT as shown on chart, sorry about that ;)Trading ditutup: target tercapai
TP3 more than reached with +33.59% profit (100.77% using only 3x).That's the kind of analysis that goes way better than expected, max profit would have been +101.76% without leverage in less than a week, this is crypto world!
I'll let you do the math if someone dared to use 50x margin leverage... Not that I recommend doing it but so you can realize that big gains are no myth in here.
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