$GST/USDT 1h (#Bybit) Falling wedge breakout Short

GSTUSDT SPOTBybit

Description

⋅ May 27, 2022 10:54 AM

Green Satoshi Token bounced back and looks bullish but it's facing 50MA / supply zone and RSI is overbought.

⚡️⚡️ #GST/USDT ⚡️⚡️
Exchanges: ByBit USDT
Signal Type: Regular (Short)
Leverage: Isolated (2.0X)

Current Price:
2.018

Entry Zone:
2.009 - 2.145

Take-Profit Targets:
1) 1.775
2) 1.558
3) 1.353

Stop Targets:
1) 2.318

Published By: @Zblaba

Risk/Reward= 1:1.25 | 1:2.15 | 1:3
Expected Profit= +29.08% | +49.98% | +69.72%
Possible Loss= -23.22%

Fib. Retracement= 0.382 | 0.702 | 1
Margin Leverage= 2x
Estimated Gain-time= 1 week

Tags: #GSTUSDT #STEPN #NFT #Metaverse #M2E #Social #App #Gaming #GMT #Solana

Website: stepn.com

Trade closed: target reached

⋅ May 27, 2022 12:11 PM

TP1 reached with +29.08% (2x) and +1.25R

GreenSatoshiToken got rejected as expected and pulled back, SL adjusted above last entry (2.146) and let it run!

Trade closed: target reached

⋅ May 30, 2022 11:40 AM

TP3 reached with +69.72% (2x) and +3R

GreenSatoshiToken was sold-off again and printed a new ATL before finally bouncing back!
Still much resistance to break but looks like downtrend could be over for now.

Trend Analysis