Long
$STMX/USDT 1D (Binance Futures) Symmetrical triangle breakout
Storm X reversed and double broke-out bullish, continuation is in play but we believe a last retest of TL & 50MA is likely first.
Current Price= 0.02420
Buy Entry = 0.02103 - 0.01848
Take Profit= 0.02863 | 0.03749 | 0.05297
Stop Loss= 0.01533
Risk/Reward= 1:2 | 1:4 | 1:7.5
Expected Profit= +44.89% | +89.73% | +168.07%
Possible Loss= -22.42%
Fib. Retracement= 0.618 | 0.786 | 1
Margin Leverage= 1x
Estimated Gain-time= 2 months
Current Price= 0.02420
Buy Entry = 0.02103 - 0.01848
Take Profit= 0.02863 | 0.03749 | 0.05297
Stop Loss= 0.01533
Risk/Reward= 1:2 | 1:4 | 1:7.5
Expected Profit= +44.89% | +89.73% | +168.07%
Possible Loss= -22.42%
Fib. Retracement= 0.618 | 0.786 | 1
Margin Leverage= 1x
Estimated Gain-time= 2 months
Note
TP1 woud have been reached with up to +51.18% (1x)Storm X stretched its growth and never pulled back to entry, too sad but good profit if you entered at market price.
Now trending inside an ascending channel and supported by 100EMA, bullish continuation is likely as long as it holds!
Trade active
All entries filledAs crazy as it may sound, #StormX revisited the demand zone after reaching all targets without us.
This time we are in, let's see if we can regain 50MA in the coming weeks!
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Related publications
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.