TradingOn

$REEF/BTC 2D (Binance Spot) Falling wedge breakout and retest

Long
TradingOn Updated   
BINANCE:REEFBTC   None
Reef Finance has pulled back towards strong demand zone, it's very likely to bounce here and resume bullish.

Current Price= 0.00000039
Buy Entry= 0.00000040 - 0.00000036
Take Profit= 0.00000053 | 0.00000073 | 0.00000103
Stop Loss= 0.00000028

Risk/Reward= 1:1.5 | 1:3.5 | 1:6.5
Expected Profit= +39.47% | +92.11% | +171.05%
Possible Loss= -26.32%

Fib. Retracement= 0.382 | 0.618 | 0.883
Margin Leverage= 1x
Estimated Gain-time= 6 months

reef.io/ stake.reef.finance/

Contracts:
#Mainnet
#ERC20 0xfe3e6a25e6b192a42a44ecddcd13796471735acf
#BEP20 0xf21768ccbc73ea5b6fd3c687208a7c2def2d966e
Trade closed: stop reached:
SL was hit with -26.32% and -1R

Reef Finance got rejected on 50MA and dumped hard, it may bounce back towards it again but would very likely continue down after.


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.