$MANA/USDT 90m (#BinanceFutures) Falling wedge breakout & retest
Decentraland regained 50MA suppoprt and is retesting it right now, good place to bounce back.
decentraland.org/
Current Price= 3.1824
Buy Entry= 3.1831 - 3.0740
Take Profit= 3.5229 | 3.7873 | 4.1589
Stop Loss= 2.8647
Risk/Reward= 1:1.5 | 1:2.5 | 1:3.91
Expected Profit= +25.22% | +42.12% | +65.88%
Possible Loss= -16.86%
Fib. Retracement= 0.702 | 0.883 | 1.117
Margin Leverage= 2x
Estimated Gain-time= 10 days
decentraland.org/
Current Price= 3.1824
Buy Entry= 3.1831 - 3.0740
Take Profit= 3.5229 | 3.7873 | 4.1589
Stop Loss= 2.8647
Risk/Reward= 1:1.5 | 1:2.5 | 1:3.91
Expected Profit= +25.22% | +42.12% | +65.88%
Possible Loss= -16.86%
Fib. Retracement= 0.702 | 0.883 | 1.117
Margin Leverage= 2x
Estimated Gain-time= 10 days
Trade active
All entries filledDecentraland bounced nicely but not enough to reach target yet, let's be patient enough.
Trade closed: stop reached
SL hit with -16.86% (2x) and -1R#Decentraland lost 50MA support and dipped more but still looks locally bottomed, we'll try again later!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.