$SNX/USDT 1h (Binance Futures) Falling wedge breakout & retest
Synthetix bounced on local support and is now retesting that bullish pattern.
Current Price= 18.100
Buy Entry= 18.193 - 17.711
Take Profit= 19.876 | 21.979 | 24.514
Stop Loss= 16.435
Risk/Reward= 1:1.27 | 1:2.65 | 1:4.33
Expected Profit= +21.44% | +44.86% | +73.10%
Possible Loss= -16.90%
Fib. Retracement= 0.618 | 1 | 1.414
Margin Leverage= 2x
Estimated Gain-time= 5 days
Current Price= 18.100
Buy Entry= 18.193 - 17.711
Take Profit= 19.876 | 21.979 | 24.514
Stop Loss= 16.435
Risk/Reward= 1:1.27 | 1:2.65 | 1:4.33
Expected Profit= +21.44% | +44.86% | +73.10%
Possible Loss= -16.90%
Fib. Retracement= 0.618 | 1 | 1.414
Margin Leverage= 2x
Estimated Gain-time= 5 days
Trade closed: target reached:
TP1 reached with +21.44% (2x) and 1.27R
Synthetix went for first target as expected but got strongly rejected on 200MA.
PC bot closed remaining position at entry, and now Trend-Line support just broke down.
Synthetix went for first target as expected but got strongly rejected on 200MA.
PC bot closed remaining position at entry, and now Trend-Line support just broke down.
