Long
$REEF/USDT 4h (Binance Futures) Symmetrical triangle breakout
Reef.finance broke bullish and is retesting 50MA & triangle support, good for a bounce even more since it's part of Polkadot Ecosystem!
Current Price= 0.024232
Buy Entry = 0.024250 - 0.023780
Take Profit= 0.025543 | 0.026770 | 0.028395
Stop Loss= 0.022779
Risk/Reward= 1:1.25 | 1:2.24 | 1:3.56
Expected Profit= +25.52% | +46.00% | +73.04%
Possible Loss= -20.52%
Fib. Retracement= 0.786| 1 | 1.272
Margin Leverage= 4x
Estimated Gain-time= 2 weeks
Current Price= 0.024232
Buy Entry = 0.024250 - 0.023780
Take Profit= 0.025543 | 0.026770 | 0.028395
Stop Loss= 0.022779
Risk/Reward= 1:1.25 | 1:2.24 | 1:3.56
Expected Profit= +25.52% | +46.00% | +73.04%
Possible Loss= -20.52%
Fib. Retracement= 0.786| 1 | 1.272
Margin Leverage= 4x
Estimated Gain-time= 2 weeks
Trade closed: target reached
TP1 reached with +25.52% (4x) and +1.25RReef.finance instantly bounced back bringing nice profit on that quick scalp!
Higher targets are still in play, SL moved to lowest entry as usual (0.023780$).
Trade closed: target reached
TP3 reached with +73.04% (4x) and +3.56RAll targets achieved for Reef Finance and even more with up to +94.52% (using 4x leverage).
Trade is closed but you can see how strong it just reacted on last dip to 50MA, bulls are in charge!
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.
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.