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$TOMO/USDT 1h (Binance Futures) Descending channel near breakout

Long
BINANCE:TOMOUSDTPERP   TomoChain / TetherUS PERPETUAL FUTURES
TomoChain is looking good for a bounce here after regaining 50MA support, more information about that coin on tomochain.com

Current Price= 2.0807
Buy Entry = 2.0857 - 2.0323
Take Profit= 2.2697 | 2.4610 | 2.6433
Stop Loss= 1.8917

Risk/Reward= 1:1.25 | 1:2.38 | 1:3.47
Expected Profit= +20.36% | +38.94% | +56.64%
Possible Loss= -16.34%

Fib. Retracement= 0.618 | 0.883 | 1.117
Margin Leverage= 2x
Estimated Gain-time= 5 days
Trade active: First entry filled

TomoChain bounced nicely and is about to confirm the bullish breakout!

Trade closed: target reached: TP1 reached with +20.36% (2x) and +1.25R

TomoChain pushed higher and regained 200MA, bullish continuation is in play, SL updated to 2.0323$

Trade closed: target reached: TP2 reached with +38.94% (2x) and +2.38R

TomoChain is pumping again, PC bot sold remaining position at entry but original SL held.
If you are still in, last target is in play, you could use 2nd entry as SL (2.0877$)

Trade closed: target reached: TP3 was reached with +56.64% (2x) and +3.47R

TomoChain precisely went for last target before retracing down, nice accuracy!

Always manage risk accordingly and respect leverage!

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