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TradingOn
Feb 4, 2021 11:39 AM

$GAS/BTC (Binance Spot) Descending channel near breakout Long

BINANCE:GASBTC1D
Gas / BitcoinBinance

Description

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Gas (also known as NeoGas) downtrend seems to have ended, let's swing that!

Current Price= 0.0000581
Buy Entry= 0.0000584 - 0.0000544
Take Profit= 0.0000936 | 0.0001379 | 0.0001754
Stop Loss= 0.0000415

Risk/Reward= 1:2.5 | 1:5.47 | 1:7.99
Expected Profit= +65.96 | +144.50% | +210.99%
Possible Loss= -26.42%

Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 1440h

Trade closed: target reached

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TP1 reached with +65.96% and 2.5R

Amazing move up for Gas as expected, I hope you did not miss that free call!

Trade closed: target reached

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TP3 reached with +210.99% (1x) and 7.99R

At least Gas respected perfectly and made a huge impulse with up to +449.65% profit during the weekend.

Support and ResistanceParallel ChannelMoving AveragesGASneogasGASBTCbinancespotbullishbreakout
Comments
ProjectSyndicate
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probably still stuck in range. low volatility.
Nassau01
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Hi, can you give an update on the NEOGAS TA?
UnknownUnicorn14927971
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huge bump just came!!!
yipcode2018
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@esatd, crazy as .... My seeling point was just below the second target so i missed to pump.
Donjes
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I sold everything before the big pump at 830 satoshis. Because I saw a different coin. Pffft!
yipcode2018
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@Donjes, gas will follow Neo in my opinion. The bad part is that now is double the price
yipcode2018
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are targets still good to be followed?
TradingOn
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@yipcode2018, yes of course, you can partially Take some Profit and wait for them with Stop Loss under entry, that would be the safest thing to do!
yipcode2018
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@TradingOn, but the entry point now is not anymore valid (584). So which would be a valid entry point?
TradingOn
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@yipcode2018, well if you missed the entry, now it would be riskier but you could give it a try.
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