TradingOn

$BAKE/USDT 2h (Binance Futures) Falling wedge breakout & retest

Long
TradingOn Updated   
BINANCE:BAKEUSDT.P   BAKE / TetherUS PERPETUAL CONTRACT
Bakery Token has broken-out bullish then pulled-back down giving us a nice opportunity to scalp it back up!

Current Price= 1.9790
Buy Entry = 1.9814 - 1.9306
Take Profit= 2.1535 | 2.2769 | 2.4449
Stop Loss= 1.7974

Risk/Reward= 1:1.25 | 1:2.02 | 1:3.08
Expected Profit= +20.20% | +32.82% | +49.98%
Possible Loss= -16.22%

Fib. Retracement= 0.618| 0.786 | 1
Margin Leverage= 2x
Estimated Gain-time= 1 week
Trade active:
Both entries filled

Bakery Token bounced as expected so far, nice start!


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