$AAVE/USDT 3h (Binance Futures) Bullish pennant breakout
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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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.