TradingOn

$DRGN/BTC 1D (KuCoin) Big falling wedge near breakout

Long
TradingOn Updated   
KUCOIN:DRGNBTC   None
DragonChain has been down-trending for such a long-time, reversal seems to finally be around the corner after regaining 50MA support.

Risk/Reward= 1:2| 1:3.8 | 1:6
Expected Profit= +53.01% | +100.80% | +159.04%
Possible Loss= -26.51%

Fib. Retracement= 0.382 | 0.618 | 0.893
Estimated Gain-time= 3 months

Current Price:
0.00000264

Entry Zone:
0.00000263 - 0.00000235

Take-Profit Targets:
1) 0.00000381
2) 0.00000500
3) 0.00000645

Stop Targets:
1) 0.00000183
Trade closed: target reached:
TP1 reached with +53.01% (1x) and +2R

DragonChain broke-out as expected bringing up to +79.12%, SL adjusted to lowest entry now (235 sats).


Related Ideas

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.