ALGO/BTC 1H (Binance) On falling wedge support
Algorand had to pullback a bit after that big falling wedge breakout.
Let's see if it can breakout this small one also :
Buy Entry= 0.00004218 - 0.00004166
Take Profit= 0.00004390 | 0.00004513 | 0.00004600
Stop Loss= 0.00003994
Risk/Reward Ratio= 1:1 | 1:1.62 | 1:2.06
Expected Profit= 4.72% | 7.66% | 9.73%
Possible Loss= -4.72%
Fib. Retracement= 0.382 | 0.618 | 0.786
Let's see if it can breakout this small one also :
Buy Entry= 0.00004218 - 0.00004166
Take Profit= 0.00004390 | 0.00004513 | 0.00004600
Stop Loss= 0.00003994
Risk/Reward Ratio= 1:1 | 1:1.62 | 1:2.06
Expected Profit= 4.72% | 7.66% | 9.73%
Possible Loss= -4.72%
Fib. Retracement= 0.382 | 0.618 | 0.786
Trade active
Trade active:
Price Action broke-out and pulled-back already, fill your bag!
Trade closed: stop reached:
That falling wedge was invalidated: -4.72%
But a bigger one is forming, will update with new set-up soon.
But a bigger one is forming, will update with new set-up soon.
