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Aug 29, 2023 11:17 AM

#AKRO/USDT 2h (ByBit) Ascending channel on resistance Short

AKROUSDT Perpetual ContractBybit

Description

Akropolis printed a shooting star deviation and seems likely to retrace down to 100EMA support, especially with that overbought RSI.

⚡️⚡️ #AKRO/USDT ⚡️⚡️
Exchanges: ByBit USDT
Signal Type: Regular (Short)
Leverage: Isolated (2.6X)
Amount: 4.9%

Current Price:
0.018692

Entry Targets:
1) 0.019243

Take-Profit Targets:
1) 0.013254

Stop Targets:
1) 0.022244

Published By: @Zblaba

NASDAQ:AKRO BYBIT:AKROUSDT.P #Akropolis #DeFi #DAO

Risk/Reward= 1:2.0
Expected Profit= +80.9%
Possible Loss= -40.5%
Estimated Gaintime= 3-6 days

akropolis.io

Trade active

ByBit USDT
#AKRO/USDT All entry targets achieved
Average Entry Price: 0.019243 💵

BYBIT:AKROUSDT.P pushed up just enough to fill our entry and seems to be retracing down already.

Comment

⚡️⚡️ #AKRO/USDT ⚡️⚡️
Exchanges: ByBit USDT
Signal Type: Regular (Short)
Leverage: Isolated (2.6X)

Entry Targets:
1) 0.019243 ✅

Take-Profit Targets:
1) 0.013254

Stop Targets:
1) 0.019243

Published By: @Zblaba

NASDAQ:AKRO got sold-off as expected but bounced back right before TP, time to secure it with SL at BE.

Trade closed: target reached

TP hit with +2R 🎯

ByBit USDT
#AKRO/USDT All take-profit targets achieved 😎
Profit: 80.9198% 📈
Period: 8 Days 23 Hours 21 Minutes ⏰

BYBIT:AKROUSDT.P lost 50MA support on 4h and finally went for our short target, great trade!

Comments
esmaeilymoslem
does it go down below 0.115?
is it possible or not?
if yes how far?
TradingOn
@esmaeilymoslem, yes it went down for that support and bounced back, it was a good buy opportunity as mentioned ($0.0115 by the way, not $0.115).
Then got rejected on 100EMA bearish retest, not sure it will hold a third time now.
esmaeilymoslem
do you think when it starts bullish again?
TradingOn
@esmaeilymoslem, so far no bullish reversal sign, let's wait for it.
bizz99
I’m hoping it steeps down below 0.012 to around 0.0115
TradingOn
@bizz99, could happen but short is fully closed now. If goes down to $0.0115 would be an interesting buy opportunity!
SwallowPremium
This scenario is definitely possible, amazing job!
TradingOn
@SwallowPremium, thanks for your support, so far trade is going as planned! 🤞🏼
xolki4
do you think it will bounce up before entering?
TradingOn
@xolki4, well that's the idea of the plan to allow a better Risk/Reward ratio! Time will tell.
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