$ATOM/USDT 2D (#BinanceFutures) Ascending triangle on support

Cosmos Network is pulling back down to retest 200MA, where we expect a bounce towards 50MA and more.

Current Price= 25.064
Buy Entry= 24.972 - 22.550
Take Profit= 29.420 | 34.441 | 41.134
Stop Loss= 19.216

Risk/Reward= 1:1.25 | 1:2.35 | 1:3.82
Expected Profit= +23.82% | +44.95% | +73.11%
Possible Loss= -19.13%

Fib. Retracement= 0.382 | 0.618 | 0.883
Margin Leverage= 1x
Estimated Gain-time= 5 months

Tags: #ATOM #ATOMUSDT #Blockchain #PoS #Staking #DeFi #BSC #BC #Interoperability #Creation

Website: cosmos.network

Contracts:
#Mainnet
#ERC20 0x8D983cb9388EaC77af0474fA441C4815500Cb7BB
#BEP20 0x0eb3a705fc54725037cc9e008bdede697f62f335
#BEP2 ATOM-596
#Cosmos IBC/27394FB092D2ECCD56123C74F36E4C1F926001CEADA9CA97EA622B25F41E5EB2

Trade active:

2/3 entries filled

Cosmos Network perfectly bounced on triangle support and is heading back up, so far +11.51% (1x)

Trade active:

Last entry filled

Cosmos Network dipped even more and seems to be breaking down, we need a bounce as soon as possible...

Trade closed: target reached:

TP1 reached with +23.82% (1x) and +1.25R

CosmosNetwork bounced back on 200MA (purple) and made it up to 50MA (grey) retest.
Now trapped between them, we'll probably see some ranging, SL edited to last entry 22.550

Trade closed: target reached:

TP2 reached with +44.95% (1x) and +2.35R

CosmosNetwork pushed higher and regained 50MA support, what a recovery!
Final target is in play, SL moved to first entry (24.972) in slight profit to secure the trade.