TradingOn

$KSM/USDT 2h (Binance Futures) Bull-flag breakout

Long
TradingOn Updated   
BINANCE:KSMUSDT.P   KSM / TetherUS PERPETUAL CONTRACT
Kusama is breaking bullish again, let's catch next dip.

Current Price= 423.493
Buy Entry= 415.030 - 406.230
Take Profit= 454.494 | 488.859 | 540.402
Stop Loss= 381.377

Risk/Reward= 1:1.5 | 1:2.67 | 1:4.44
Expected Profit= +21.36% | +38.10% | +63.20%
Possible Loss= -14.24%

Fib. Retracement= 1.272 | 2 | 3
Margin Leverage= 2x
Estimated Gain-time= 10 days
Trade active:
First entry filled

Kusama pushed up at first then went down revisiting demand zone, this is when we are glad using patient entries!

Comment:
Second entry filled

Kusama dipped more and almost hit SL, but still looking good overall.
We decided to adjust SL to 366.766$ giving RR= 1:1 for TP1 until storm passes!

Comment:
100EMA regained

Kusama bounced back nicely, let's move SL to where it originally was!
EDIT: I re-drew a bit the flag, it looks even more bullish now!

Trade closed: target reached:
TP1 reached with +21.36% (2x) and +1.5R

Kusama is back on track, if you missed it then now could be a good opportunity to enter and let more buy orders in the zone.

Trade closed: target reached:
TP2 reached with +38.10% (2x) and +2.67R

After revisiting entry zone, Kusama bounced and pushed even higher this time!

Trade closed: target reached:
TP3 reached with +63.20% (2x) and +4.44R

That's a wrap for Kusama, made it to last target and even a bit more, enjoy!


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