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MattieDsCryptoLounge

ALGOUSDT 1H long; Completing W-formation with bullish pattern

Long
Algorand / TetherUS PERPETUAL CONTRACT (BINANCE:ALGOUSDT.P)  
MattieDsCryptoLounge Updated   
BINANCE:ALGOUSDT.P   Algorand / TetherUS PERPETUAL CONTRACT
Wedge Double Top or Bottom ALGOUSDT algousd algousdtlong ALGOUSDTPERP w-pattern Falling Wedge
5
3
wedgepattern doubletoporbottom algousdt algousd algousdtlong algousdtperp w-pattern fallingwedge
TA Explained
ALGO Completing the W-formation on bigger timeframe with a bullish continuation pattern at lower timeframe. trying to get in on the final dip within the falling wedge

Trade setup
Best entries: 0.4149 - 0.4303
TP1: 0.4548
TP2: 0.4806
TP3: 0.5107
SL: 0.3945
RR: 3.16
Max leverage: 3

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Do Your Own Research (of course)
Trade at own risk (of course)
Only trade what you can afford to lose (of course)
Comment:
Price moved away from the entry at first, then dipped to activate the setup, bounced nicely and reached all targets. Thats about 60% profit for 3rd target.
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