Long

$KSM/USDT 90m (Binance Fut.) Symmetrical triangle near breakout

Updated

Kusama is accumulating for a week and just regained 50MA, seems to be ready for a local up-trend.
Self-described as "Polkadot's wild cousin,"that blockchain platform is designed to provide a massively interoperable and scalable framework for developers.

Current Price= 332.11
Buy Entry = 332.39 - 326.51
Take Profit= 349.97 | 373.21 | 395.29
Stop Loss= 312.97

Risk/Reward= 1:1.25 | 1:2.66 | 1:4
Expected Profit= +18.69% | +39.84% | +59.94%
Possible Loss= -15.00%

Fib. Retracement= 0.382 | 0.618 | 0.883
Margin Leverage= 1x
Estimated Gain-time= 1 week

Note

More information on kusama.network/

Note

EDIT:
Fib. Retracement= 0.786 | 1.117 | 1.414
Margin Leverage= 3x

Trade active

All entries filled

Kusama is retesting 50MA and is likely to bounce from it, let's wait and see how that ends!

Note

Back to Break-Even (BE)

After almost stopping us out, Kusama is back on track and about to break bullish!

Trade closed: target reached

TP1 was reached with +18.69% (3x) and +1.25R

Kusama broke-out as planned with up to +32.28% (3x) then pulled back to demand zone.
If you got kicked out on that wick down, you can buy back using original SL since 200MA is holding so far!

TradingOn

Also on:

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.