$KSM/USDT 4h (#BinanceFutures) Falling broadening wedge breakout

Apr 20, 2022

Kusama Network is pulling back towards 100EMA support where we expect it to bounce and resume bullish.

Current Price= 181.23
Buy Entry= 176.54 - 170.74
Take Profit= 187.49 | 199.64 | 215.28
Stop Loss= 162.06

Risk/Reward= 1:1.2 | 1:2.25 | 1:6.43
Expected Profit= +15.96% | +29.94% | +47.96%
Possible Loss= -13.34%

Fib. Retracement= 0.702 | 0.883 | 1.117
Margin Leverage= 2x
Estimated Gain-time= 2-3 weeks

Tags: #KSM #KSMUSDT #Kusama #Statemine #Substrate #Parachain #DotEco #Polkadot

Website: kusama.network

Contract:
#Mainnet

Apr 20, 2022

Trade active

1st entry filled

Kusama Network dipped into the demand zone as planned so far, let's hope it continues this way!

Apr 21, 2022

Trade active

2nd & 3rd entries filled

KusamaNetwork went for 50MA retest, a bounce would be appreciated, let's stick to the plan meanwhile.

Apr 25, 2022

Trade closed: stop reached

SL was hit with -13.34% (2x) and -1R🛑

#KusamaNetwork continued downward after not being able to stay above 50MA, good thing we took the loss on time!