$DYDX/USDT 12h (Binance Futures) Broadening wedge near breakout
Updated
dYdX got rejected on 100EMA resistance again, next attempt should be enough to break it up!
Current Price= 8.888
Buy Entry= 8.907 - 8.239
Take Profit= 11.954 | 15.237 | 20.777
Stop Loss= 6.879
Risk/Reward= 1:2 | 1:3.93 | 1:7.2
Expected Profit= +39.44% | +77.73% | +142.35%
Possible Loss= -19.76%
Fib. Retracement= 0.382 | 0.559 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 1.5 months
Websites: dydx.community/ dydx.foundation/ dydx.exchange/
Current Price= 8.888
Buy Entry= 8.907 - 8.239
Take Profit= 11.954 | 15.237 | 20.777
Stop Loss= 6.879
Risk/Reward= 1:2 | 1:3.93 | 1:7.2
Expected Profit= +39.44% | +77.73% | +142.35%
Possible Loss= -19.76%
Fib. Retracement= 0.382 | 0.559 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 1.5 months
Websites: dydx.community/ dydx.foundation/ dydx.exchange/
Trade closed: stop reached
SL was hit with -19.76% (1x) and -1RdYdX is definitely not willing to let us win, fell deeper forming a broadening wedge and just broke-out locally.
Still quite uncertain though, we'll wait patiently for a clearer opportunity!
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