$ICP/BTC 1D (Binance Spot) Falling wedge break and retest
Updated
Internet Computer Protocol is accumulating above 50MA since it was regained, downtrend has ended, time to look up!
Current Price= 0.001362
Buy Entry= 0.001351 - 0.001253
Take Profit= 0.001577 | 0.001793 | 0.002077
Stop Loss= 0.001119
Risk/Reward= 1:1.5 | 1:2.68 | 1:4.23
Expected Profit= +21.12% | +37.71% | +59.52%
Possible Loss= -14.06%
Fib. Retracement= 0.786 | 1.117 | 1.5
Margin Leverage= 1x
Estimated Gain-time= 2 months
Current Price= 0.001362
Buy Entry= 0.001351 - 0.001253
Take Profit= 0.001577 | 0.001793 | 0.002077
Stop Loss= 0.001119
Risk/Reward= 1:1.5 | 1:2.68 | 1:4.23
Expected Profit= +21.12% | +37.71% | +59.52%
Possible Loss= -14.06%
Fib. Retracement= 0.786 | 1.117 | 1.5
Margin Leverage= 1x
Estimated Gain-time= 2 months
Trade closed: target reached
TP1 reached with +21.12% and +1.5RInternet Computer Protocol bounced as planned perfectly hitting first target, then pulled-back hard kicking us out at 2nd entry.
Although, 50MA held like a champion and up-trend is still intact, we recommend to enter back manually targeting higher levels!
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