$SFP/USDT 2D (BinanceFutures)Symmetrical triangle break & retest Long
SFP / TetherUS PERPETUAL CONTRACTBinance
Description
⋅ SafePal has retraced down towards 200MA daily, we expect a bounce back on big demand zone!
Current Price= 1.4763
Buy Entry= 1.4767 - 1.3167
Take Profit= 2.0123 | 2.7782 | 3.8615
Stop Loss= 1.0882
Risk/Reward= 1:2 | 1:4.48 | 1:7.99
Expected Profit= +44.08% | +98.91% | +176.47%
Possible Loss= -22.09%
Fib. Retracement= 0.5 | 0.883 | 1.272
Margin Leverage= 1x
Estimated Gain-time= 4 months
Website: safepal.io/ Trade active
⋅ First entry filled
SafePal bounced as expected bringing up to +25.22% so far, nice start!
Trade closed: stop reached
⋅ SL was hit with -22.09% (1x) and -1R
SafePal lost 200MA Daily support last week and suddenly dropped forming a falling wedge, we'll keep an eye on it.