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

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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
Trade fermée: cible de profit atteinte
TP1 reached +30.98% (2x) and +1.5R

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

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Note
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$)

snapshot
binancebullishbreakoutCOMPcompoundCOMPUSDTfuturesSupply and DemandSupport and ResistanceTrend Lines

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