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Aug 4, 2021 3:39 PM

$AMB/BTC 1D (Binance Spot) Big falling wegde breakout Long

BINANCE:AMBBTC1D
AirDAO / BitcoinBinance

Description

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Ambrosus is ranging for quite some time and TL support is holding, seems to be almost ready for next impulse.

Current Price= 0.00000080
Buy Entry= 0.00000080 - 0.00000072
Take Profit= 0.00000097 | 0.00000116 | 0.00000146
Stop Loss= 0.00000059

Risk/Reward= 1:1.24 | 1:2.35 | 1:4.12
Expected Profit= +27.63% | +52.63% | +92.11%
Possible Loss= -22.37%

Fib. Retracement= 0.236 | 0.382 | 0.618
Margin Leverage= 1x
Estimated Gain-time= 3 months

Trade active

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First entry filled

Ambrosus bounced up to +18.75% almost hitting first target then pulled back to demand zone.
The set-up is still valid but could take some time, let's be patient here (as usual).

Trade closed: target reached

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TP1 reached with +25.64% (1x) and +1.24R

Ambrosus made it to 1st target on 2nd attempt, totally worth the wait!
Seems to be having a hard time closing above 100EMA but will keep growing whenever it does.
Stop Loss adjusted to lowest entry (72 sats) just in case and enjoy the ride 📈

Supply and DemandWedgeMoving AveragesAMBambrosusAMBBTCbinancespotIOTinatbabullishbreakout
Comments
MichaelJason
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Pretty risky coin. Can be delisted from Binance any time.
TradingOn
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@MichaelJason, maybe but TA looks great, check every-time it broke out bullish of past wedges! Do you have any insight why would they delist?
similarGuest35855
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@MichaelJason, why do you suggest it could be delisted from Binance exactly ?
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