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$RSR/BTC 1D (Binance Spot) Descending channel near breakout

Long
BINANCE:RSRBTC   RSR / Bitcoin
Reserve Rights bullish breakout incoming from symmetrical triangle and parallel channel ...

Current Price= 0.00000116
Buy Entry= 0.00000116 - 0.00000106
Take Profit= 0.00000163 | 0.00000189 | 0.00000224
Stop Loss= 0.00000085

Risk/Reward= 1:2 | 1:3 | 1:4.35
Expected Profit= +28.57% | +57.14% | +76.79%
Possible Loss= -19.64%

Fib. Retracement= 0.5 | 0.618 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 1080h
Trade active: First entry filled and bounced

That timing was so on point for Reserve, went up +19% already, wait for targets!

Comment: Went down almost hitting SL

Luckily, it wasn't triggered and it's back to entry zone so we are still on #Reserve.
I updated it down to 0.00000080 to avoid another possible stop hunt.
But chart is looking good again as you can see with that new symmetrical triangle formed!

Trade closed: target reached: TP1 reached with +46.85% (1x) and 1.68R

Finally Reserve made it, very nice profit so far after that bullish breakout.
If you missed it try to catch next dip, this is likely to continue the up-trend!


Always manage risk accordingly and respect leverage!

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