$TRX/BTC 4h (Binance Spot) Descending broadening wedge breakout
Tron has broken out bullish locally and looks ready to continue upwards after that 100EMA retest!
Current Price= 0.00000191
Buy Entry= 0.00000190 - 0.00000184
Take Profit= 0.00000205 | 0.00000219 | 0.00000237
Stop Loss= 0.00000172
Risk/Reward= 1:1.2 | 1:2.13 | 1:3.33
Expected Profit= +9.63% | +17.11% | +26.74%
Possible Loss= -8.02%
Fib. Retracement= 0.786 | 1 | 1.272
Margin Leverage= 1x
Estimated Gain-time= 2 weeks
Current Price= 0.00000191
Buy Entry= 0.00000190 - 0.00000184
Take Profit= 0.00000205 | 0.00000219 | 0.00000237
Stop Loss= 0.00000172
Risk/Reward= 1:1.2 | 1:2.13 | 1:3.33
Expected Profit= +9.63% | +17.11% | +26.74%
Possible Loss= -8.02%
Fib. Retracement= 0.786 | 1 | 1.272
Margin Leverage= 1x
Estimated Gain-time= 2 weeks
Trade active:
All entries filled
Tron dipped a bit more than planned, hitting 50MA and retesting the wedge.
Nice bullish rejection down there, let's see if it's able to bounce in the coming days!
Tron dipped a bit more than planned, hitting 50MA and retesting the wedge.
Nice bullish rejection down there, let's see if it's able to bounce in the coming days!
Trade closed: stop reached:
SL hit with -8.02% (1x) and -1R
Tron tried hard to stay above 50MA but lost it then got rejected and fell more, maybe another time..
Tron tried hard to stay above 50MA but lost it then got rejected and fell more, maybe another time..
Tron is holding nicely and forming a bullish pennant, we still expect a move-up soon!