Kusama is breaking bullish again, let's catch next dip.
Current Price= 423.493
Buy Entry= 415.030 - 406.230
Take Profit= 454.494 | 488.859 | 540.402
Stop Loss= 381.377
Risk/Reward= 1:1.5 | 1:2.67 | 1:4.44
Expected Profit= +21.36% | +38.10% | +63.20%
Possible Loss= -14.24%
Fib. Retracement= 1.272 | 2 | 3
Margin Leverage= 2x
Estimated Gain-time= 10 days
Current Price= 423.493
Buy Entry= 415.030 - 406.230
Take Profit= 454.494 | 488.859 | 540.402
Stop Loss= 381.377
Risk/Reward= 1:1.5 | 1:2.67 | 1:4.44
Expected Profit= +21.36% | +38.10% | +63.20%
Possible Loss= -14.24%
Fib. Retracement= 1.272 | 2 | 3
Margin Leverage= 2x
Estimated Gain-time= 10 days
Trade active
First entry filledKusama pushed up at first then went down revisiting demand zone, this is when we are glad using patient entries!
Note
Second entry filledKusama dipped more and almost hit SL, but still looking good overall.
We decided to adjust SL to 366.766$ giving RR= 1:1 for TP1 until storm passes!
Note
100EMA regainedKusama bounced back nicely, let's move SL to where it originally was!
EDIT: I re-drew a bit the flag, it looks even more bullish now!
Trade closed: target reached
TP1 reached with +21.36% (2x) and +1.5RKusama is back on track, if you missed it then now could be a good opportunity to enter and let more buy orders in the zone.
Trade closed: target reached
TP2 reached with +38.10% (2x) and +2.67RAfter revisiting entry zone, Kusama bounced and pushed even higher this time!
Trade closed: target reached
TP3 reached with +63.20% (2x) and +4.44RThat's a wrap for Kusama, made it to last target and even a bit more, enjoy!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.