$AAVE/USDT 3h (Binance Futures) Bullish pennant breakout
Updated
Aave is looking ready for bullish continuation after that clear breakout.
Current Price= 533.409
Buy Entry= 531.654 - 511.390
Take Profit= 602.332 | 676.492 | 769.180
Stop Loss= 467.793
Risk/Reward= 1:1.5 | 1:2.88 | 1:4.61
Expected Profit= +31.00% | +59.42% | +94.98%
Possible Loss= -20.60%
Fib. Retracement= 1.272 | 1.618 | 2
Margin Leverage= 2x
Estimated Gain-time= 240h
Current Price= 533.409
Buy Entry= 531.654 - 511.390
Take Profit= 602.332 | 676.492 | 769.180
Stop Loss= 467.793
Risk/Reward= 1:1.5 | 1:2.88 | 1:4.61
Expected Profit= +31.00% | +59.42% | +94.98%
Possible Loss= -20.60%
Fib. Retracement= 1.272 | 1.618 | 2
Margin Leverage= 2x
Estimated Gain-time= 240h
Trade active
All entries filled Unfortunately Aave dipped more after that and original SL would have been hit.
But since PC bot did not close on that wick down, I just updated it to 448.852!
If you are still in you can do the same, R/R ratio is 1:1.11 now for TP1.
Trade closed: stop reached
SL hit with -27.86% (2x) and -1.35RWell, 100EMA did not hold and Aave dumped during the night with all market.
Too bad for our long, we will try to catch it another time!
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