TradingOn

AMB/BTC 4h (Binance Spot) Descending channel breakout

Long
TradingOn Updated   
BINANCE:AMBBTC   AirDAO / Bitcoin
Ambrosus just broke-out the parallel channel and is preparing for another move-up.

Current Price= 0.00000289
Buy Entry= 0.00000287 - 0.00000273
Take Profit= 0.00000307 | 0.00000326 | 0.00000354
Stop Loss= 0.00000253

Risk/Reward= 1:1 | 1:1.7 | 1:2.74
Expected Profit= +9.64% | +16.43% | +26.43%
Possible Loss= -9.64%

Fib. Retracement= 0.5 | 0.618 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 240h
Comment:
This was the original idea:
Trade active:
First target was missed by 2 sats then went back to channel.
Stop wasn't hit, I decided to put it a bit lower at 249 because there is a buy wall at 250 sats.
I'm buying more here, a bit risky but I feel like it will break out again!

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.