$BAL/USDT 3D (#BinanceFutures) Big falling wedge on support

Balancer Finance is retesting old demand zone where we expect it to bounce back and even break out of the wedge after.

Current Price= 11.488
Buy Entry= 11.435 - 10.079
Take Profit= 16.585 | 22.177 | 30.773
Stop Loss= 7.836

Risk/Reward= 1:2 | 1:3.91 | 1:6.85
Expected Profit= +54.18% | +106.16% | +186.08%
Possible Loss= -27.15%

Fib. Retracement= 0.382 | 0.618 | 0.883
Margin Leverage= 1x
Estimated Gain-time= 6 months

Tags: #BAL #BALUSDT #Balancer #BalancerLabs #AMM #LP #App #DEx #DAO #DeFi #Yield #Governance

Websites: balancer.fi balancer.exchange

Contracts:
#ERC20 0xba100000625a3754423978a60c9317c58a424e3D
#HECO 0x045de15ca76e76426e8fc7cba8392a3138078d0f
#xDai 0x7eF541E2a22058048904fE5744f9c7E4C57AF717

Trade active:

First entry filled

Balancer Finance bounced on wedge support and is showing some bullish strength!

Comment:

Up to +34.39% (1x) since called

Balancer Finance kept going up, let's hope we'll hit target soon!

Comment:

Back above 1st entry

Balancer Finance retraced down to demand zone and is now breaking out locally, we adjusted TPs and SL as well.

Trade closed: target reached:

Adjusted TP1 reached with +43.00% (1x) and +1.75R

Balancer Finance finally broke-out of the big falling wedge and made it to first target!
Now approaching 50MA resistance, don't forget to TP some, SL edited to lowest entry (10.079)

Trade closed: target reached:

TP2 reached with +82.47% (1x) and +3.35R🎯

Balancer Finance regained 50MA support and went straight for 100EMA retest!