$GMT/USDT 4h (#BinanceFutures) Rising wedge breakdown and retest
Updated
Green Metaverse Token lost 50MA support and is about to pull back to it where we expect a rejection.
Current Price= 3.3524
Sell Entry= 3.5087 - 3.7607
Take Profit= 2.9588 | 2.5628 | 2.1104
Stop Loss= 4.2003
Risk/Reward= 1:1.2 | 1:1.9 | 1:2.7
Expected Profit= +18.60% | +29.49% | +41.94%
Possible Loss= -15.56%
Fib. Retracement= 0.786 | 1.272 | 1.618
Margin Leverage= 1x
Estimated Gain-time= 2 weeks
Tags: #GMT #GMTUSDT #STEPN #Web3 #NFT #Metaverse #M2E #Social #App #Gaming #GST #BinanceLaunchpad #BSC #SolEco
Website: stepn.com
Contracts:
#BEP20 0x3019BF2a2eF8040C242C9a4c5c4BD4C81678b2A1
#SPL 7i5KKsX2weiTkry7jA4ZwSuXGhs5eJBEjY8vVxR4pfRx
Current Price= 3.3524
Sell Entry= 3.5087 - 3.7607
Take Profit= 2.9588 | 2.5628 | 2.1104
Stop Loss= 4.2003
Risk/Reward= 1:1.2 | 1:1.9 | 1:2.7
Expected Profit= +18.60% | +29.49% | +41.94%
Possible Loss= -15.56%
Fib. Retracement= 0.786 | 1.272 | 1.618
Margin Leverage= 1x
Estimated Gain-time= 2 weeks
Tags: #GMT #GMTUSDT #STEPN #Web3 #NFT #Metaverse #M2E #Social #App #Gaming #GST #BinanceLaunchpad #BSC #SolEco
Website: stepn.com
Contracts:
#BEP20 0x3019BF2a2eF8040C242C9a4c5c4BD4C81678b2A1
#SPL 7i5KKsX2weiTkry7jA4ZwSuXGhs5eJBEjY8vVxR4pfRx
Trade closed: target reached
TP1 would have been reached with up to +20.81% (1x)GreenMetaverseToken is retracing down to 200MA, unfortunately entry was not filled... 😔
Trade closed: target reached
TP2 would have been reached with up to +30.40% (1x)GreenMetaverseToken continued the dump and entered oversold territory, a bounce back seems near!
Trade closed: target reached
TP3 would have been reached with +41.95% (1x)GreenMetaverseToken went for last target but did not bounce back and continued falling big time!
We are still holding a Spot position and a run back to 2$+ remains possible, just need to be patient enough.
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