$ATOM/USDT 2D (Binance Futures) Falling wedge breakout & retest
Cosmos has broken out bullish on High Time Frame (HTF) and could made a nice run if manages to bounce on that 200MA retest!
Current Price= 10.848
Buy Entry= 10.595 - 9.543
Take Profit= 13.431 | 15.874 | 18.765
Stop Loss= 7.369
Risk/Reward= 1:1.25 | 1:2.15 | 1:3.22
Expected Profit= +33.39% | +57.65% | +86.36%
Possible Loss= -26.81%
Fib. Retracement= 0.382 | 0.5 | 0.618
Margin Leverage= 1x
Estimated Gain-time= 2.5 months
Current Price= 10.848
Buy Entry= 10.595 - 9.543
Take Profit= 13.431 | 15.874 | 18.765
Stop Loss= 7.369
Risk/Reward= 1:1.25 | 1:2.15 | 1:3.22
Expected Profit= +33.39% | +57.65% | +86.36%
Possible Loss= -26.81%
Fib. Retracement= 0.382 | 0.5 | 0.618
Margin Leverage= 1x
Estimated Gain-time= 2.5 months
Note
Entry missed by 0.044$Cosmos dipped and bounced as expected, unfortunately we were not filled, maybe next dip!
Trade active
First entry filledCosmos almost hit first target then pulled back to demand zone, now retesting 200MA and wedge support!
Note
Second entry filledCosmos dipped inside the wedge then suddenly bounced back and is now forming a hammer candle if closes that way.
Things are starting to look good again, let's hope 200MA could be regained soon! 📈
Trade closed: target reached
TP1 reached with +33.39% (1x) and +1.25RCosmos bounced on wedge retest and perfectly hit first target 💪🏼
The got rejected on first attempt to break-out of the descending Trend-Line.
Will probably make it later but we moved SL to 2nd entry (9.543$) anyway!
Trade closed: target reached
TP2 reached with +57.65% (1x) and +2.15RCosmos has regained 50MA and is going towards an other galaxy 💫
Very nice profit booked and SL updated to 1st entry now (10.595$) to be safe!
Trade closed: target reached
TP3 reached with +86.36% (1x) and +3.22RCosmos achieved all targets with up to +103.22% from average entry, what a rocket!
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.