High Risk Trade, but the rewards could be worth it

Hello there,

I am eyeing this one purely based on a good entry.

I'm afraid I'm not that confident with this one, but I took an entry at 29 sats.

Aiming for :
T1 - 38 sats
T2 - 45 sats

If this coin follows ERD, 58 sat is also on the table.


Th thing is, outside of this falling wedge, the chart is extremely bearish. We just went into ATL around 27 sats, and we got rejected at the eMA, signaling a bearish trend.

This is why I dim this as a high risk trade.

My stop loss will be tight as well.

Comment:

It's looking ok so far. What I ideally want to see now is a return to 33 sats levels, then I would be sure this trade is going where I want it to go.

But it's still extremely risky. I have seen this kind of scenarios turn incredibly wrong, so please stop loss tight around 26 sats

Comment:

It's looking like garbage

Comment:

If it doesn't go up, targets are :
25 sats
20 sats

Trade closed: stop reached:

Shitcoin

Trade active:

Re opening this trade. I have not sold yet, but looking like there's movement.

Still hope, or just a relief bounce?

Trade closed: target reached:

Target hit.
Congratulations on the profit