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Sep 8, 2021 11:48 AM

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

Description

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).

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