$RPL/USDT 4h (#Bybit) Ascending wedge on resistance

Rocket Pool looks overbought on Low TF and seems likely to get rejected on local top then retrace down to 100EMA support.

⚡️⚡️ #RPL/USDT ⚡️⚡️
Exchanges: ByBit USDT
Signal Type: Regular (Short)
Leverage: Isolated (6.4X)
Amount: 5.0%

Current Price:
47.770

Entry Zone:
48.150 - 49.760

Take-Profit Targets:
1) 45.285
2) 42.830
3) 39.760

Stop Targets:
1) 52.025

Published By: @TradingOn

$RPL #RPLUSDT #RocketPool #LP #DeFi #Eth2

Risk/Reward= 1:1.2 | 1:2.0 | 1:3.0
Expected Profit= +48.0% | +80.1% | +120.2%
Possible Loss= -40.1%
Estimated Gaintime= 2 weeks

rocketpool.net/

Trade active:

Entered entry zone

Trade closed: target reached:

RocketPool retracing down locally as expected, time to adjust SL above entry.

Trade closed: target reached:

🎯TP2 reached +2.0R

Rocket Pool bounced on 100EMA back to supply zone then continued with the retracement down.
Almost hit final target, Stop edited below entry to secure the trade and let it be!