TradingOn

$SNX/USDT 2h (Binance Futures) Descending wedge breaking out

Long
TradingOn Updated   
BINANCE:SNXUSDT.P   SNX / TetherUS PERPETUAL CONTRACT
Let's trade Synthetix again, it is looking bullish after that breakout.

Current Price= 19.662
Buy Entry= 19.708 - 19.058
Take Profit= 21.699 | 23.472 | 25.599
Stop Loss= 17.599

Risk/Reward= 1:1.3 | 1:2.23 | 1:3.48
Expected Profit= +23.90% | +42.20% | +64.14%
Possible Loss= -18.40%

Fib. Retracement= 1.272 | 1.618 | 2
Margin Leverage= 2x
Estimated Gain-time= 10 days
Trade active:
First entry filled

Synthetix went up nicely but could go down for 2nd entry before reaching target.

Trade closed: target reached:
TP1 reached with +23.90% (2x) and 1.3R

Synthetix pumped perfectly and confirmed the breakout, road to second target now!

Trade closed: target reached:
TP2 reached with +42.20% (2x) and 2.29R

Synthetix pushed higher, last target was looking too close so I updated it higher (27.239$) to Fib 2.272 making R/R= 1:4.4 now!


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