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$MBOX/BTC 4h (Binance Spot) Falling wedge breakout and pullback

Long
TradingOn Premium Updated   
BINANCE:MBOXBTC   MBOX / Bitcoin
Mobox is looking ready for reversal here, it needs to regain 50MA support first but is likely to happen soon!
Especially with all the hype around NFT metaverse, P2E (Play to Earn) and DeFi / #BSC tokens, more info on https://www.mobox.io

Current Price= 0.00006642
Buy Entry= 0.00006655- 0.00006315
Take Profit= 0.00007925 | 0.00009374 | 0.00011140
Stop Loss= 0.00005764

Risk/Reward= 1:2 | 1:4. 01 | 1:6.46
Expected Profit= +22.21% | +44.55% | +71.78%
Possible Loss= -11.12%

Fib. Retracement= 0.382 | 0.618 | 0.883
Margin Leverage= 1x
Estimated Gain-time= 3 weeks
Trade active: First entry filled

Mobox is still ranging and accumulating, let's be patient here, 2nd entry may be filled later!

Trade active: Second entry filled

Mobox dipped more and is now heading towards wedge retest, let's hope it bounces back before making a LL.

Trade closed: target reached: TP1 was reached during the weekend with +22.21% and +2R

Mobox finally regained 200MA support and pumped nicely, up to +38.47% from average entry!
2nd target was missed by not much, probably next time, SL updated to lowest entry anyway (0.00006315₿)

Trade closed: target reached: TP3 reached with +71.78% and +6.46R

Mobox made a golden cross and bounced back stronger achieving all targets, what a run!


Always manage risk accordingly, respect leverage & position size!

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