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Apr 24, 2020 9:32 AM

XTZ/USDT 8H (Binance Fut) Possible pullback down to rising wedge Short

Tezos / TetherUS PERPETUAL CONTRACTBinance

Description

After reaching last target longing Tezos vs Bitcoin, it looks ready to retrace in TetherUS.
I'm expected at least a decent pullback. maybe down to the rising wedge which broke-out few days ago:

Sell Entry= 2.720 - 2.780
Take Profit= 2.633 | 2.569 | 2.468
Stop Loss= 2.873

Risk/Reward= 1:1 | 1:1.48 | 1:2.29
Expected Profit= 22.35% | 33.10% | 51.25%
Possible Loss= -22.35%

Fib. Retracement= 0.236 | 0.382 | 0.618
Margin Leverage= 5x

Comment

TimeFrame is 2H not 8H, sorry I had to publish it fast!

Comment

Also targets are slightly distinct than mentioned above, here goes the right ones:
Take Profit= 2.627 | 2.568 | 2.468

Trade closed: target reached

That was fast, TP1 reached, first it was missed by 0.002 😅 but now it was hit well.
Take some profit here and keep holding the rest of the position guys and girls!
Comments
ChartProphet
Good work as usual.
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