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

Description

⋅ Dec 9, 2021 11:55 AM

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

⋅ Jan 25, 2022 4:47 PM

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.