TradingOn

$TWT/BTC 2D (Binance Spot) Falling wedge near breakout

Long
TradingOn Updated   
BINANCE:TWTBTC   TWT / Bitcoin
Trust Wallet Token is sitting on big ascending channel support / 100EMA and seems likely to resume bullish here!

Current Price= 0.00001817
Buy Entry= 0.00001804 - 0.00001644
Take Profit= 0.00002316 | 0.00003040 | 0.00004009
Stop Loss= 0.00001428

Risk/Reward= 1:2 | 1:4.45 | 1:7.72
Expected Profit= +34.34% | +76.33% | +132.54%
Possible Loss= -17.72%

Fib. Retracement= 0.5 | 0.883 | 1.272
Margin Leverage= 1x
Estimated Gain-time= 4 months

trustwallet.com/
Trade active:
All entries filled

TrustWallet Token lost 100EMA support but still inside the asc channel, let's give it some air and edit SL down to 0.00001329₿

Comment:
Updated SL held nicely

TrustWallet Token is back above 100EMA and falling wedge breakout scenario is still valid!

Trade closed: stop reached:
Updated SL hit with -22.91% and -1.33R

Trust Wallet Token lost 100EMA after a bearish retest of the broken ascending channel, we definitely missed the BE opportunity.


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