$RSR/BTC 1D (Binance Spot) Descending channel near breakout
Updated
Reserve Rights bullish breakout incoming from symmetrical triangle and parallel channel...
Current Price= 0.00000116
Buy Entry= 0.00000116 - 0.00000106
Take Profit= 0.00000163 | 0.00000189 | 0.00000224
Stop Loss= 0.00000085
Risk/Reward= 1:2 | 1:3 | 1:4.35
Expected Profit= +28.57% | +57.14% | +76.79%
Possible Loss= -19.64%
Fib. Retracement= 0.5 | 0.618 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 1080h
Current Price= 0.00000116
Buy Entry= 0.00000116 - 0.00000106
Take Profit= 0.00000163 | 0.00000189 | 0.00000224
Stop Loss= 0.00000085
Risk/Reward= 1:2 | 1:3 | 1:4.35
Expected Profit= +28.57% | +57.14% | +76.79%
Possible Loss= -19.64%
Fib. Retracement= 0.5 | 0.618 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 1080h
Trade active
First entry filled and bouncedThat timing was so on point for Reserve, went up +19% already, wait for targets!
Comment
Went down almost hitting SLLuckily, it wasn't triggered and it's back to entry zone so we are still on #Reserve.
I updated it down to 0.00000080 to avoid another possible stop hunt.
But chart is looking good again as you can see with that new symmetrical triangle formed!
Trade closed: target reached
TP1 reached with +46.85% (1x) and 1.68RFinally Reserve made it, very nice profit so far after that bullish breakout.
If you missed it try to catch next dip, this is likely to continue the up-trend!
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