$ALICE/USDT 12h (Binance Futures) Descending trendline breakout
Updated
MyNeighborAlice broke-out bullish then pulled back progressively forming a falling wedge pattern.
We are still expecting some more retracement down retesting the TL and 50MA before next leg-up!
Current Price= 13.291
Buy Entry = 12.433 - 11.629
Take Profit= 15.168 | 17.629 | 22.774
Stop Loss= 9.517
Risk/Reward= 1:1.25 | 1:2.23 | 1:4.27
Expected Profit= +26.07% | +46.53% | +89.29%
Possible Loss= -20.90%
Fib. Retracement= 0.5 | 0.786 | 1.272
Margin Leverage= 1x
Estimated Gain-time= 1 month
We are still expecting some more retracement down retesting the TL and 50MA before next leg-up!
Current Price= 13.291
Buy Entry = 12.433 - 11.629
Take Profit= 15.168 | 17.629 | 22.774
Stop Loss= 9.517
Risk/Reward= 1:1.25 | 1:2.23 | 1:4.27
Expected Profit= +26.07% | +46.53% | +89.29%
Possible Loss= -20.90%
Fib. Retracement= 0.5 | 0.786 | 1.272
Margin Leverage= 1x
Estimated Gain-time= 1 month
Trade active
All entries filledMyNeighborAlice dipped very hard but seems to have bounced on time 🤞🏼
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