$ATM/BTC 4h (Binance Spot) Falling wedge breakout
Updated
Atlético de Madrid Fan Token broke out bullish and confirmed the end of the local downtrend, up we go!
Current Price= 0.0003569
Buy Entry= 0.0003543 - 0.0003393
Take Profit= 0.0003945 | 0.0004485 | 0.0004904
Stop Loss= 0.0003149
Risk/Reward= 1:1.5 | 1:3.19 | 1:4.5
Expected Profit= +13.75% | +29.33% | +41.41%
Possible Loss= -9.20%
Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 2 weeks
Current Price= 0.0003569
Buy Entry= 0.0003543 - 0.0003393
Take Profit= 0.0003945 | 0.0004485 | 0.0004904
Stop Loss= 0.0003149
Risk/Reward= 1:1.5 | 1:3.19 | 1:4.5
Expected Profit= +13.75% | +29.33% | +41.41%
Possible Loss= -9.20%
Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 2 weeks
Trade active
All entries filledAtlético de Madrid is consolidating above 50MA preparing for next big move, hopefully upwards!
Trade closed: stop reached
SL hit with -9.20% (1x) and -1RAtlético de Madrid lost 50MA and went down retesting the wedge, stopping us out...
That hurt but it's part of the trading, if you are still in, chart is not looking bad and targets will probably be reached later.
Related publications
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.