$ADA/BTC 4h (Binance Spot) Descending channel near brekout

Cardano is forming a possible bullish flag, let's give it another chance here, grabbing some on 50MA retest!

Current Price= 0.00002087
Buy Entry= 0.00002030 - 0.00001946
Take Profit= 0.00002279 | 0.00002620 | 0.00002870
Stop Loss= 0.00001794

Risk/Reward= 1:1.5 | 1:3.26 | 1:4.55
Expected Profit= +14.64% | +31.79% | +44.37%
Possible Loss= -9.76%

Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 2 weeks

Note

🔼 4h: Entry missed by 33 sats then TP1 with +14.64% (1x)

And we missed entry again on #Cardano, definitely having bad luck with those safe set-up!
I hope some of you entered manually, we can still be filled on a lucky wick down so I'll let it run for now.

Trade active

▶️ 4h: Trade active, first entry filled

#Cardano finally went back down to buy zone, let's hope it's for a bounce!

Trade closed: target reached

TP1 reached with +14.64% and +1.5R

Cardano bounced as planned then pulled back a bit, I am buying more here aiming for higher targets.

Note

Accumulation about to end

I hope you are still holding Cardano, if not you may consider buying back with same SL and TPs.

Note

TP3 reached with +44.37% (1x) and +4.55R

Finally the move-up we all waited for Cardano happened, about time! 📈

TradingOn

Also on:

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.

TradingOn

Also on: