Long

$TOMO/USDT 12h (Binance Futures) Symmetrical triangle breakout

Updated

TomoChain is sitting on 50MA support and is likely to bounce after that triangle retest.

Current Price= 1.6171
Buy Entry= 1.6200 - 1.515
Take Profit= 1.9990 | 2.4240 | 3.0819
Stop Loss= 1.2225

Risk/Reward= 1:1.25 | 1:2.48 | 1:4.39
Expected Profit= +27.53% | +54.64% | +96.61%
Possible Loss= -22.01%

Fib. Retracement= 0.618 | 0.786 | 1
Margin Leverage= 1x
Estimated Gain-time= 1.5 months

Trade active

All entries filled

TomoChain is not going as planned, no bounce on triangle retest...

Note

Back to Break-Even

TomoChain almost stopped us out but managed to bounce right on time.
Now facing 50MA resistance, you could reduce a bit here if you averaged your entry lower.
But we still expect more recovery, especially is support is regained!

Note

Up to +11.66% (1x) profit

TomoChain is back, regained 50MA and about to break 100EMA now, finally looking good!

Trade closed: target reached

TP1 reached with +27.53% (1x) and +1.25R

TomoChain made it in Futures as well, so we are earning in both Dollar and Bitcoin, what a success!
After a chaotic start, that set-up aged very well, good thing we stuck to the plan as we always should.

Trade closed: target reached

TP2 reached with +54.64% (1x) and +2.48R

TomoChain kept going up without caring much about the rest of the market! 😅

Trade closed: target reached

TP3 reached with +96.61% (1x) and +4.39R

That's a wrap for Tomo Chain, all targets achieved bringing huge gain without leverage!

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