$OCEAN/USDT 1h (#BinanceFutures) Descending trendline breakout

Ocean Protocol just regained 50MA support and could start the recovery from here.

Current Price= 0.56903
Buy Entry= 0.57081 - 0.55308
Take Profit= 0.62036 | 0.67399 | 0.74987
Stop Loss= 0.51565

Risk/Reward= 1:1.25 | 1:2.41 | 1:4.04
Expected Profit= +20.72% | +39.82% | +66.82%
Possible Loss= -16.52%

Fib. Retracement= 0.382 | 0.559 | 0.786
Margin Leverage= 2x
Estimated Gain-time= 1 week

Tags: #OCEAN #OCEANUSDT #AI #Substrate #Storage #Web3 #DeFi #BSC #DotEco

Website: oceanprotocol.com

Contracts:
#ERC20 0x967da4048cd07ab37855c090aaf366e4ce1b9f48
#BEP20 0xDCe07662CA8EbC241316a15B611c89711414Dd1a

Handel aktiv:

All entries filled

Ocean Protocol almost hit TP1 but got rejected on 100EMA resistance during weekend.
Then retraced down to demand zone and now bouncing back up and about to regain 50MA support!

Trade stängt: målet nått:

TP1 reached with +20.72% (2x) and +1.25R

Ocean Protocol almost stopped us out but managed to reverse on time, luckily!
Now going towards 2nd target, we'll stick to the plan as usual, SL reduced to lowest entry (0.55308)

Trade stängt: målet nått:

TP2 reached with +39.82% (2x) and +2.41R

OceanProtocol hit 2nd target before retracing down, SL moved up to highest entry now (0.57081)
Last target is still in play, let's see if manages to bounce back on 100EMA again!