TradingOn

$MOVR/BTC 4h (#BinanceSpot) Descending trendline break & retest

Long
TradingOn Updated   
BINANCE:MOVRBTC   MOVR / Bitcoin
Moonriver regained both 200MA & 50MA and just golden crossed, a bullish move is expected!

moonbeam.network/networks/moonriver/

Current Price= 0.004226
Buy Entry= 0.004232 - 0.004018
Take Profit= 0.005109 | 0.005889 | 0.006690
Stop Loss= 0.003468

Risk/Reward= 1:1.5 | 1:2.68 | 1:3.9
Expected Profit= +23.85% | +42.76% | +62.18%
Possible Loss= -15.93%

Fib. Retracement= 0.5 | 0.702 | 0.883
Margin Leverage= 1x
Estimated Gain-time= 1 month
Trade active:
2/3 entries filled

Moonriver is gently dipping as planned so far, we have high hopes on that coin, both short & long-term!

Trade closed: stop reached:
SL was hit with -15.93% and -1R

Moonriver got rejected by 50MA twice and dumped, maybe next time.


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