$BAKE/BTC 12h (Binance Spot) Falling wedge on support
Bakery Swap looks bottomed here, a last leg-down to demand zone would let us enter, then a bounce toward upper-line of the wedge.
Current Price= 0.0000524
Buy Entry= 00.0000505 - 0.0000475
Take Profit= 0.0000610 | 0.0000691 | 0.0000832
Stop Loss= 0.0000394
Risk/Reward= 1:1.25 | 1:2.09 | 1:3.56
Expected Profit= +24.49% | +41.02% | +69.80%
Possible Loss= -19.59%
Fib. Retracement= 0.236 | 0.382 | 0.618
Margin Leverage= 1x
Estimated Gain-time= 1 month
Current Price= 0.0000524
Buy Entry= 00.0000505 - 0.0000475
Take Profit= 0.0000610 | 0.0000691 | 0.0000832
Stop Loss= 0.0000394
Risk/Reward= 1:1.25 | 1:2.09 | 1:3.56
Expected Profit= +24.49% | +41.02% | +69.80%
Possible Loss= -19.59%
Fib. Retracement= 0.236 | 0.382 | 0.618
Margin Leverage= 1x
Estimated Gain-time= 1 month
Trade active:
All entries filled
Bakery Swap dipped as expected then found a slightly lower local support to bounce from.
Bakery Swap dipped as expected then found a slightly lower local support to bounce from.
Trade closed: target reached:
TP1 reached with +24.49% (1x) and +1.25R
Bakery Swap regained 50MA and broke-out bullish of the falling wedge almost hitting 2nd target!
Probably more to come, SL moved up to 2nd entry (0.00004750₿) so we can enjoy the ride peacefully.
Bakery Swap regained 50MA and broke-out bullish of the falling wedge almost hitting 2nd target!
Probably more to come, SL moved up to 2nd entry (0.00004750₿) so we can enjoy the ride peacefully.
Bakery Swap bounced as well and is preparing for the massive break-out we are all waiting for!