Cardano is looking ready to continue upwards after that bullish pattern break-out.
Current Price= 0.00002162
Buy Entry= 0.00002162 - 0.00002100
Take Profit= 0.00002493 | 0.00002937 | 0.00003498
Stop Loss= 0.00001889
Risk/Reward= 1:1.5 | 1:3.33 | 1:5.65
Expected Profit= +16.99% | +37.82% | +64.15%
Possible Loss= -11.36%
Fib. Retracement= 0.382 | 0.786 | 1.272
Margin Leverage= 1x
Estimated Gain-time= 10 days
Current Price= 0.00002162
Buy Entry= 0.00002162 - 0.00002100
Take Profit= 0.00002493 | 0.00002937 | 0.00003498
Stop Loss= 0.00001889
Risk/Reward= 1:1.5 | 1:3.33 | 1:5.65
Expected Profit= +16.99% | +37.82% | +64.15%
Possible Loss= -11.36%
Fib. Retracement= 0.382 | 0.786 | 1.272
Margin Leverage= 1x
Estimated Gain-time= 10 days
Trade active
All entries filledCardano did not go as expected and kept falling, original SL would have been hit.
But I decided to update it lower (0.00001769₿) because a bounce is still likely, now R/R is 1:1 for TP1!
If you are already out, better wait for clear reversal signs before entering again.
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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.