$LIT/USDT 12h (Binance Futures)Falling broadening wedge breakout
Updated
Litentry has broken out of that wedge and seems to be almost ready for reversal, let's enter on 50MA retest.
Current Price= 2.819
Buy Entry = 2.684 - 2.416
Take Profit= 3.611 | 4.384 | 5.323
Stop Loss= 1.841
Risk/Reward= 1:1.5 | 1:2.59 | 1:3.91
Expected Profit= +41.61% | +71.92% | +108.75%
Possible Loss= -27.80%
Fib. Retracement= 0.382 | 0.5 | 0.618
Margin Leverage= 1x
Estimated Gain-time= 1.5 months
Current Price= 2.819
Buy Entry = 2.684 - 2.416
Take Profit= 3.611 | 4.384 | 5.323
Stop Loss= 1.841
Risk/Reward= 1:1.5 | 1:2.59 | 1:3.91
Expected Profit= +41.61% | +71.92% | +108.75%
Possible Loss= -27.80%
Fib. Retracement= 0.382 | 0.5 | 0.618
Margin Leverage= 1x
Estimated Gain-time= 1.5 months
Trade active
All entries filledLitentry dipped a bit more than expected, still looking good for a bounce, needs to regain 50MA first though. 🤞🏼
Trade closed: target reached
TP1 reached with +41.61% (1x) and +1.5RLitentry regained 50MA and respected the plan perfectly, road to 2nd target now.
Enjoy that free call and don't forget to take some partial profit, SL moved to 2nd entry (2.416$).
Trade closed: target reached
TP2 reached with +71.92% (1x) and +2.59RLitentry kept pushing up and regained 200MA, time for a pull-back before continuing bullish.
Trade closed: target reached
TP3 reached with +108.75% (1x) and +3.91RLitentry killed it, all targets achieved realizing insane gain, up to +134.82% from that "lit entry"! 😜
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