$MBOX/BTC 4h (Binance Spot) Falling wedge breakout and pullback
Updated
Mobox is looking ready for reversal here, it needs to regain 50MA support first but is likely to happen soon!
Especially with all the hype around NFT metaverse, P2E (Play to Earn) and DeFi / #BSC tokens, more info on mobox.io
Current Price= 0.00006642
Buy Entry= 0.00006655- 0.00006315
Take Profit= 0.00007925 | 0.00009374 | 0.00011140
Stop Loss= 0.00005764
Risk/Reward= 1:2 | 1:4.01 | 1:6.46
Expected Profit= +22.21% | +44.55% | +71.78%
Possible Loss= -11.12%
Fib. Retracement= 0.382 | 0.618 | 0.883
Margin Leverage= 1x
Estimated Gain-time= 3 weeks
Especially with all the hype around NFT metaverse, P2E (Play to Earn) and DeFi / #BSC tokens, more info on mobox.io
Current Price= 0.00006642
Buy Entry= 0.00006655- 0.00006315
Take Profit= 0.00007925 | 0.00009374 | 0.00011140
Stop Loss= 0.00005764
Risk/Reward= 1:2 | 1:4.01 | 1:6.46
Expected Profit= +22.21% | +44.55% | +71.78%
Possible Loss= -11.12%
Fib. Retracement= 0.382 | 0.618 | 0.883
Margin Leverage= 1x
Estimated Gain-time= 3 weeks
Trade active
First entry filledMobox is still ranging and accumulating, let's be patient here, 2nd entry may be filled later!
Trade active
Second entry filledMobox dipped more and is now heading towards wedge retest, let's hope it bounces back before making a LL.
Trade closed: target reached
TP1 was reached during the weekend with +22.21% and +2RMobox finally regained 200MA support and pumped nicely, up to +38.47% from average entry!
2nd target was missed by not much, probably next time, SL updated to lowest entry anyway (0.00006315₿)
Trade closed: target reached
TP3 reached with +71.78% and +6.46RMobox made a golden cross and bounced back stronger achieving all targets, what a run!
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.