TradingOn

$AAVE/USDT 90m (Binance Futures) Rising wedge breakdown & retest

Short
TradingOn Updated   
BINANCE:AAVEUSDT.P   AAVE / TetherUS PERPETUAL CONTRACT
Aave is looking bearish to me on Low Time Frame (LTF), let's try to scalp the possible next move down.

Current Price= 489.890
Sell Entry= 488.375 - 504.625
Take Profit= 440.315 | 407.865 | 386.270
Stop Loss= 543.430

Risk/Reward= 1:1.2 | 1:1.89 | 1:72.35
Expected Profit= +11.32% | +17.85% | +22.20%
Possible Loss= -9.45%

Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 180h
Trade closed: target reached:
TP1 reached with +11.32% (1x) and 1.2R

I'm glad I caught that retracement down on Aave, took some profit here and moved SL at 2nd entry!


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