TradingOn

$CTSI/USDT 12h(#BinanceFutures)Falling broadening wedge breakout

Long
TradingOn Updated   
BINANCE:CTSIUSDT.P   CTSI / TetherUS PERPETUAL CONTRACT
Cartesi regained 50MA support and seems ready for bullish continuation, after a last pull-back if we are lucky enough!

Current Price= 0.2394
Buy Entry= 0.2173 - 0.1965
Take Profit= 0.2626 | 0.3118 | 0.3520
Stop Loss= 0.1622

Risk/Reward= 1:1.25 | 1:2.35 | 1:3.25
Expected Profit= +26.92% | +50.70% | +70.14%
Possible Loss= -21.61%

Fib. Retracement= 0.5 | 0.618 | 0.702
Margin Leverage= 1x
Estimated Gain-time= 1.5 months

Tags: #CTSI #CTSIUSDT #PoS #Staking #L2 #Scaling #SC #Rollup #DApp #DeFi #BSC

Website: cartesi.io/

Contracts:
#ERC20 0x491604c0fdf08347dd1fa4ee062a822a5dd06b5d
#BEP20 0x8da443f84fea710266c8eb6bc34b71702d033ef2
#AVAXC 0x6b289cceaa8639e3831095d75a3e43520fabf552
#Polygon 0x2727Ab1c2D22170ABc9b595177B2D5C6E1Ab7B7B
#Arbitrum 0x319f865b287fCC10b30d8cE6144e8b6D1b476999
Trade active:
2/3 entries filled

Cartesi pulled back to demand zone as forecast and seems to be bouncing so far!

Trade closed: stop reached:
SL hit with -21.61% (1x) and -1R

Cartesi almost reached TP1 but got rejected slightly lower then broke-down, invalidating the bullish break-out.


Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.