$DOT/USDT 1D (Binance Futures) Ascending channel on support
Updated
Polkadot has been consolidating for some weeks and is retesting demand zone right now.
50MA and 200MA are about to make a golden cross, this looks quite bullish for mid-term!
Current Price= 29.211
Buy Entry = 29.326 - 26.790
Take Profit= 35.665 | 42.994 | 51.954
Stop Loss= 22.971
Risk/Reward= 1:1.5 | 1:2.94 | 1:4.7
Expected Profit= +27.11% | +53.23% | +85.17%
Possible Loss= -18.13%
Fib. Retracement= 0.786 | 1.272 | 1.764
Margin Leverage= 1x
Estimated Gain-time= 2 months
50MA and 200MA are about to make a golden cross, this looks quite bullish for mid-term!
Current Price= 29.211
Buy Entry = 29.326 - 26.790
Take Profit= 35.665 | 42.994 | 51.954
Stop Loss= 22.971
Risk/Reward= 1:1.5 | 1:2.94 | 1:4.7
Expected Profit= +27.11% | +53.23% | +85.17%
Possible Loss= -18.13%
Fib. Retracement= 0.786 | 1.272 | 1.764
Margin Leverage= 1x
Estimated Gain-time= 2 months
Trade active
All entries filledPerfect dip catch on Polkadot while many were turning bearish, we were buying the fear!
Note
Back to Break-Even (BE)After almost hitting first target, Polkadot retraced down to entry.
50MA support is lost but 100EMA is holding quite strong, we still expect a rally!
Trade closed: target reached
TP1 reached with +27.11% (1x) and +1.5RPolkadot finally made it to first target and will probably go for more, SL adjusted to 2nd entry (26.890$)!
Trade closed: target reached
TP2 reached with +53.23% (1x) and +2.94RAnd for more it went, Polkadot killing it and we surely did not miss out with that Free call!
Patience paying off, last target is in play, SL move up to 1st entry (29.226$) and let it go.
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