$ALPHA/USDT 4h (Binance Futures) Ascending channel breakdown
Updated
Alpha Finance Lab lost 100EMA support and broke the up-trend, let's join the local down-trend after that retest.
Current Price= 1.1485
Sell Entry = 1.1633 - 1.2221
Take Profit= 1.0405 | 0.9553 | 0.8962
Stop Loss= 1.2945
Risk/Reward= 1:1.25 | 1:2 | 1:2.74
Expected Profit= +15.99% | +25.62% | +37.48%
Possible Loss= -12.84%
Fib. Retracement= 0.382| 0.618| 0.893
Margin Leverage= 2x
Estimated Gain-time= 10 days
Current Price= 1.1485
Sell Entry = 1.1633 - 1.2221
Take Profit= 1.0405 | 0.9553 | 0.8962
Stop Loss= 1.2945
Risk/Reward= 1:1.25 | 1:2 | 1:2.74
Expected Profit= +15.99% | +25.62% | +37.48%
Possible Loss= -12.84%
Fib. Retracement= 0.382| 0.618| 0.893
Margin Leverage= 2x
Estimated Gain-time= 10 days
Trade closed: target reached
TP1 reached with +25.52% (2x) and +1.5RAlpha Finance Lab retested supply zone before diving again as expected, that was precise!
SL moved down to highest entry (1.2221$) to lock the set-up and enjoy the profit.
Trade closed: target reached
TP2 reached with +39.80% (2x) and +1.5RAlpha went for 2nd target in the end, unfortunately we got kicked out at 2nd entry by the PC bot.
Congrats if you were still holding, in that case we recommend to move SL to 1st entry (1.1633$)
Trade closed: target reached
TP3 reached with +55.62% (2x) and +3.26RAlpha Finance Lab went for last target bringing quite a nice profit for the most patient ones!
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