$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
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
Comment
More information on kusama.network/Comment
EDIT:Fib. Retracement= 0.786 | 1.117 | 1.414
Margin Leverage= 3x
Trade active
All entries filledKusama is retesting 50MA and is likely to bounce from it, let's wait and see how that ends!
Comment
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 +1.25RKusama 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!
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