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TradingOn
Jan 3, 2022 5:33 PM

$FET/BTC 12h (Binance Spot) Descending channel break & pull-back Long

BINANCE:FETBTC720
Fetch.AI / BitcoinBinance

Description

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Fetch is looking good for another rally after regaining 50MA support, let's enter on the retest!

Current Price= 0.00001143
Buy Entry= 0.00001122 - 0.00001040
Take Profit= 0.00001374 | 0.00001635 | 0.00002045
Stop Loss= 0.00000914

Risk/Reward= 1:1.75 | 1:3.32 | 1:5.77
Expected Profit= +27.10% | +51.25% | +89.18%
Possible Loss= -15.45%

Fib. Retracement= 0.382 | 0.559 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 2 months

Websites: fetch.ai/ docs.fetch.ai/

Contract:
#ERC20 0xaea46A60368A7bD060eec7DF8CBa43b7EF41Ad85

Comment

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TP1 would have been reached with +23.01%

Fetch pumped as expected, unfortunately entry was missed by 8 sats, that's not cool!
Anyway, great profit if you entered manually, if not we may be filled later.

Trade active

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2/3 entries filled

Fetch pulled back to demand zone and this time we are in, waiting for another leg-up to happen.

Supply and DemandParallel ChannelMoving AveragesFETFETBTCfetchfetchaiAIbigdataIOTweb3POS
Comments
JoeChampion
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Fantastic idea!
TradingOn
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@JoeChampion, thanks, let's hope entry will be filled soon enough!
Solldy
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good pattern there, thanks for sharing!
TradingOn
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@Solldy, pleasure is mine :)
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