$TOMO/BTC 1D (Binance Spot) Big descending channel breakout
Updated
TomoChain broke out of that descending parallel channel and is retesting it now, could be a good entry point.
Current Price= 0.004826
Buy Entry= 0.00004839 - 0.00004554
Take Profit= 0.00006816 | 0.00010429 | 0.00013631
Stop Loss= 0.00003489
Risk/Reward= 1:1.75 | 1:4.74 | 1:6.31
Expected Profit= +45.08% | +121.99% | +190.14%
Possible Loss= -25.73%
Fib. Retracement= 0.5 | 0.786 | 1
Margin Leverage= 1x
Estimated Gain-time= 5 months
Current Price= 0.004826
Buy Entry= 0.00004839 - 0.00004554
Take Profit= 0.00006816 | 0.00010429 | 0.00013631
Stop Loss= 0.00003489
Risk/Reward= 1:1.75 | 1:4.74 | 1:6.31
Expected Profit= +45.08% | +121.99% | +190.14%
Possible Loss= -25.73%
Fib. Retracement= 0.5 | 0.786 | 1
Margin Leverage= 1x
Estimated Gain-time= 5 months
Trade active
All entries filledTomoChain did not manage to hold 100EMA and went down to 50MA support.
It is also forming an ascending channel and is likely to bounce here.
We moved SL a bit lower (0.00003282₿) so there is less chance to be scam wicked, check new RR!
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.