$AAVE/USDT 4h (Binance Futures) Ascending triangle near breakout
Aave just regained 200MA support and looks ready for a big impulse, let's place some bids on a retest.
More information about that DAO / DeFi / BSC token, also part of Polygon & Cosmos Ecosystem on aave.com/
Current Price= 311.57
Buy Entry = 306.58 - 295.24
Take Profit= 331.72 | 364.33 | 396.27
Stop Loss= 276.17
Risk/Reward= 1:1.25 | 1:2.56 | 1:3.85
Expected Profit= +20.48% | +42.16% | +63.38%
Possible Loss= -16.44%
Fib. Retracement= 0.5 | 0.702 | 0.883
Margin Leverage= 2x
Estimated Gain-time= 2 weeks
More information about that DAO / DeFi / BSC token, also part of Polygon & Cosmos Ecosystem on aave.com/
Current Price= 311.57
Buy Entry = 306.58 - 295.24
Take Profit= 331.72 | 364.33 | 396.27
Stop Loss= 276.17
Risk/Reward= 1:1.25 | 1:2.56 | 1:3.85
Expected Profit= +20.48% | +42.16% | +63.38%
Possible Loss= -16.44%
Fib. Retracement= 0.5 | 0.702 | 0.883
Margin Leverage= 2x
Estimated Gain-time= 2 weeks
Note
TP1 would have been reachedAave kept going up, unfortunately entry was not filled, maybe on a wick down later.
Trade active
First entry filled Aave finally pulling back enough to let us in!
Trade closed: target reached
TP1 reached with +20.48% and +1.25RAave properly revisited 200MA support before taking off, bullish continuation is in play!
Triangle is clearly broken now, SL edited to 2nd entry (295.24$) in any case.
Trade closed: target reached
TP3 reached with +63.38% (2x) and +3.85RAave did not care about Bitcoin correction and pumped hard, all targets achieved!
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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.