$ALGO/USDT 4h (Binance Futures) Symmetrical triangle breakout
Algorand broke bullish and looks ready for continuation upwards!
Current Price= 1.1676
Sell Entry= 1.1506 - 1.1060
Take Profit= 1.3595 | 1.5559 | 1.8483
Stop Loss= 1.0127
Risk/Reward= 1:2 | 1:3.7 | 1:6.23
Expected Profit= +40.98% | +75.80% | +127.62%
Possible Loss= -20.50%
Fib. Retracement= 0.618 | 0.786 | 1
Margin Leverage= 2x
Estimated Gain-time= 2 weeks
Current Price= 1.1676
Sell Entry= 1.1506 - 1.1060
Take Profit= 1.3595 | 1.5559 | 1.8483
Stop Loss= 1.0127
Risk/Reward= 1:2 | 1:3.7 | 1:6.23
Expected Profit= +40.98% | +75.80% | +127.62%
Possible Loss= -20.50%
Fib. Retracement= 0.618 | 0.786 | 1
Margin Leverage= 2x
Estimated Gain-time= 2 weeks
Trade active:
All entries filled
Algorand is dipping more than expected, I moved SL down to 0.9737$ since it's approaching demand zone.
Algorand is dipping more than expected, I moved SL down to 0.9737$ since it's approaching demand zone.
Trade closed: target reached:
TP1 reached with +40.98% (2x) and +1.5R
Algorand almost hunted original Stop Loss then went back up and finally hit first target!
+2 Rewards if you stuck to it but I guess it was worth moving, could retrace a bit now but it has much room to grow.
Algorand almost hunted original Stop Loss then went back up and finally hit first target!
+2 Rewards if you stuck to it but I guess it was worth moving, could retrace a bit now but it has much room to grow.
Trade closed: target reached:
TP2 reached with +75.80% (2x) and +3.7R
Algorand went for 2nd target if you were still in manually, last target looks quite reachable.
Algorand went for 2nd target if you were still in manually, last target looks quite reachable.
PC bot sold on yesterday's dip, but I still think Algorand can push higher after that channel breakout.
So I opened it back MANUALLY, If you are up for it, set-up is still valid with same Stop and Targets!
You can use the original SL (1.0127$), or the updated one (0.9737$) as you prefer, it is also a good hold to me.