TradingOn

$AAVE/USDT 3h (Binance Futures) Bullish pennant breakout

Long
BINANCE:AAVEUSDTPERP   AAVE / TetherUS PERPETUAL FUTURES
Aave is looking ready for bullish continuation after that clear breakout.

Current Price= 533.409
Buy Entry= 531.654 - 511.390
Take Profit= 602.332 | 676.492 | 769.180
Stop Loss= 467.793

Risk/Reward= 1:1.5 | 1:2.88 | 1:4.61
Expected Profit= +31.00% | +59.42% | +94.98%
Possible Loss= -20.60%

Fib. Retracement= 1.272 | 1.618 | 2
Margin Leverage= 2x
Estimated Gain-time= 240h
Trade active: All entries filled

Unfortunately Aave dipped more after that and original SL would have been hit.
But since PC bot did not close on that wick down, I just updated it to 448.852!
If you are still in you can do the same, R/R ratio is 1:1.11 now for TP1.

Trade closed: stop reached: SL hit with -27.86% (2x) and -1.35R

Well, 100EMA did not hold and Aave dumped during the night with all market.
Too bad for our long, we will try to catch it another time!


Always manage risk accordingly and respect leverage!

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