$TOMO/BTC 1D (#BinanceSpot) Falling wedge breakout and retest

TomoChain got rejected on 200MA resistance and is now pulling back to 50MA support, good place to bounce.

Current Price= 0.00002910
Buy Entry= 0.00002911 - 0.00002709
Take Profit= 0.00003589 | 0.00004282 | 0.00004946
Stop Loss= 0.00002232

Risk/Reward= 1:1.35 | 1:2.55 | 1:3.7
Expected Profit= +27.72% | +52.38% | +76.01%
Possible Loss= -20.57%

Fib. Retracement= 0.382 | 0.559 | 0.702
Margin Leverage= 1x
Estimated Gain-time= 3 months

Tags: #TOMO #TOMOBTC #PoS #Staking #DApp #DeFi #BC #EVM #TomoZ #TomoP #Privacy #TomoX #DEx

Website: tomochain.com/

Contracts:
#Mainnet
#ERC20 0x05d3606d5c81eb9b7b18530995ec9b29da05faba
#BEP2 TOMOB-4BC

Trade active:

All entries filled

TomoChain is pulling back deeper than planned but still no LL, let's be patient enough!

Comment:

Up to +21.00% from average entry

TomoChain bounced back and regained 50MA (grey) then 100EMA (orange), road to 1st target it seems!

Trade closed: target reached:

TP1 was reached with +27.72% and +1.35R

TomoChain pushed up then got rejected on 200MA resistance again, pulling back to 50MA now.
Higher targets remain valid, SL adjusted to lowest entry (0.00002709) in any case.

Trade closed manually:

Remaining position was closed with -3.59% and -0.18R

TomoChain did not bounce on 50MA and went down printing a new ATL, not what we expected...
That said, wedge support has been holding and we'll likely see a recovery as soon as it breaks out again!