XTZ/USDT 2h (Binance Futures) Rising wedge breakdown
Tezos just broke out to the downside, I was planning on shorting it earlier but I preferred to wait for it.
Now the idea is to catch a pullback retesting that bearish pattern and follow the downtrend!
Current Price= 2.169
Sell Entry= 2.192 - 2.242
Take Profit= 2.132 | 2.080 | 2.008
Stop Loss= 2.302
Risk/Reward= 1:1 | 1:1.61 | 1:2.46
Expected Profit= +15.32% | +24.72% | +37.72%
Possible Loss= -15.32%
Fib. Retracement= 0.5 | 0.618 | 0.786
Margin Leverage= 4x
Estimated Gain-time= 240h
Now the idea is to catch a pullback retesting that bearish pattern and follow the downtrend!
Current Price= 2.169
Sell Entry= 2.192 - 2.242
Take Profit= 2.132 | 2.080 | 2.008
Stop Loss= 2.302
Risk/Reward= 1:1 | 1:1.61 | 1:2.46
Expected Profit= +15.32% | +24.72% | +37.72%
Possible Loss= -15.32%
Fib. Retracement= 0.5 | 0.618 | 0.786
Margin Leverage= 4x
Estimated Gain-time= 240h
Trade active:
All entries filled perfectly and bounced.
You can see that 2.242 was the exact higher retest price, that's quite accurate!
Now comes the waiting part, first target should be reached today I believe.
You can see that 2.242 was the exact higher retest price, that's quite accurate!
Now comes the waiting part, first target should be reached today I believe.
Trade closed: target reached:
TP1 reached with +15.32%
At last after almost touching original SL, but was too fast for the bot to sell.
I believe we will go down more anyway but I suggest you to use manual Stop Market on Break Even
At last after almost touching original SL, but was too fast for the bot to sell.
I believe we will go down more anyway but I suggest you to use manual Stop Market on Break Even
Trade closed: target reached:
TP2 more than reached with +16.72% from average entry using 4x
Max profit was +44.48% if you entered when I called the small rising wedge breakout in here, pretty nice!
Last target was missed by 0.007$ (almost nothing) so I updated it lower now, down to 1.984$ in order to make the most of a possible bigger dip.
Max profit was +44.48% if you entered when I called the small rising wedge breakout in here, pretty nice!
Last target was missed by 0.007$ (almost nothing) so I updated it lower now, down to 1.984$ in order to make the most of a possible bigger dip.
