TradingOn

$OCEAN/BTC 3D (Binance Spot) Descending wedge breakout

Long
TradingOn Updated   
BINANCE:OCEANBTC   OCEAN / Bitcoin
Ocean Protocol is pulling back towards 50MA support after showing some bullish signs again.
That AI & Big Data / DeFi token is also part of Polkadot, Polygon and Sora Ecosystems, more info on oceanprotocol.com

Current Price= 0.00001637
Buy Entry= 0.00001596 - 0.00001412
Take Profit= 0.00002083 | 0.00002708 | 0.00003473
Stop Loss= 0.00001117

Risk/Reward= 1:1.5 | 1:3.11 | 1:5.09
Expected Profit= +38.50% | +80.05% | +130.92%
Possible Loss= -25.73%

Fib. Retracement= 0.702 | 1 | 1.272
Margin Leverage= 1x
Estimated Gain-time= 6 months
Trade active:
Both entries filled

Ocean Protocol is dipping and retesting the wedge, good place to bounce from here! 🤞🏼

Trade closed: target reached:
TP1 reached with +38.50% and +1.5R

Ocean Protocol pumped and finally reclaimed 200MA support, bullish continuation is in play!
Already +56.12% from average entry, SL adjusted to lowest entry (0.00001412₿) to secure the trade.

Comment:
$OCEAN/BTC 3D (#BinanceSpot) Back to first entry

#OceanProtocol looks solid here on 200MA Daily support, one of the few to be able to resume the party!



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.