$KSM/USDT 4h (#BinanceFutures) Falling broadening wedge breakout
Updated
Kusama Network is pulling back towards 100EMA support where we expect it to bounce and resume bullish.
Current Price= 181.23
Buy Entry= 176.54 - 170.74
Take Profit= 187.49 | 199.64 | 215.28
Stop Loss= 162.06
Risk/Reward= 1:1.2 | 1:2.25 | 1:6.43
Expected Profit= +15.96% | +29.94% | +47.96%
Possible Loss= -13.34%
Fib. Retracement= 0.702 | 0.883 | 1.117
Margin Leverage= 2x
Estimated Gain-time= 2-3 weeks
Tags: #KSM #KSMUSDT #Kusama #Statemine #Substrate #Parachain #DotEco #Polkadot
Website: kusama.network
Contract:
#Mainnet
Current Price= 181.23
Buy Entry= 176.54 - 170.74
Take Profit= 187.49 | 199.64 | 215.28
Stop Loss= 162.06
Risk/Reward= 1:1.2 | 1:2.25 | 1:6.43
Expected Profit= +15.96% | +29.94% | +47.96%
Possible Loss= -13.34%
Fib. Retracement= 0.702 | 0.883 | 1.117
Margin Leverage= 2x
Estimated Gain-time= 2-3 weeks
Tags: #KSM #KSMUSDT #Kusama #Statemine #Substrate #Parachain #DotEco #Polkadot
Website: kusama.network
Contract:
#Mainnet
Trade active
1st entry filledKusama Network dipped into the demand zone as planned so far, let's hope it continues this way!
Trade active
2nd & 3rd entries filledKusamaNetwork went for 50MA retest, a bounce would be appreciated, let's stick to the plan meanwhile.
Trade closed: stop reached
SL was hit with -13.34% (2x) and -1R🛑#KusamaNetwork continued downward after not being able to stay above 50MA, good thing we took the loss on time!
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