$TRX/USDT 2h (Binance Futures) Rising wedge facing resistance
Updated
Tron has recovered nicely but could be preparing for another leg-down while crypto market is still uncertain.
Current Price= 0.08128
Sell Entry = 0.08232 - 0.08664
Take Profit= 0.07193 | 0.06525 | 0.05570
Stop Loss= 0.09456
Risk/Reward= 1:1.25 | 1:1.91 | 1:2.86
Expected Profit= +29.72% | +45.52% | +68.14%
Possible Loss= -23.86%
Fib. Retracement= 0.382 | 0.618 | 1
Margin Leverage= 2x
Estimated Gain-time= 1 week
Current Price= 0.08128
Sell Entry = 0.08232 - 0.08664
Take Profit= 0.07193 | 0.06525 | 0.05570
Stop Loss= 0.09456
Risk/Reward= 1:1.25 | 1:1.91 | 1:2.86
Expected Profit= +29.72% | +45.52% | +68.14%
Possible Loss= -23.86%
Fib. Retracement= 0.382 | 0.618 | 1
Margin Leverage= 2x
Estimated Gain-time= 1 week
Trade active
First entry filledTron got rejected on 100EMA and broke-down the wedge, so far so good.
Trade closed: target reached
TP1 reached with +29.72% (2x) and +1.25RTron is retracing as expected, glad to see benefits from the downside move!
Taking some nice profit here and SL adjusted to first entry now (0.08232$)
Note
TP2 almost hit with +41.30% (2x)Tron missed second target by 0.00100$ and bounced, that was definitely close.
Since SL (Stop Loss) is already at BE (Break-Even) we'll let it run for now!
Trade closed: target reached
TP2 reached with +45.52% (2x) and +1.91RTron took its time but finally went down after many rejections on 100EMA.
It seems to be road to last target now then hopefully a recovery if market allows it!
Trade closed: target reached
TP3 reached with +68.14% (2x) and +2.86RAll targets achieved for Tron, time for reversal is near!
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