$XTZ/USDT 4h (Binance Futures) Symmetrical triangle breakout
Tezos has broken out of the triangle and is looking good for bullish continuation here.
Current Price= 4.069
Buy Entry= 4.014 - 3.906
Take Profit= 4.323 | 4.629 | 5.119
Stop Loss= 3.669
Risk/Reward= 1:1.25 | 1:2.3 | 1:3.98
Expected Profit= +18.34% | +33.78% | +58.54%
Possible Loss= -14.70%
Fib. Retracement= 1.414| 1.764 | 2.272
Margin Leverage= 2x
Estimated Gain-time= 2 weeks
Current Price= 4.069
Buy Entry= 4.014 - 3.906
Take Profit= 4.323 | 4.629 | 5.119
Stop Loss= 3.669
Risk/Reward= 1:1.25 | 1:2.3 | 1:3.98
Expected Profit= +18.34% | +33.78% | +58.54%
Possible Loss= -14.70%
Fib. Retracement= 1.414| 1.764 | 2.272
Margin Leverage= 2x
Estimated Gain-time= 2 weeks
Trade active:
All entries filled
Tezos pulled back as planned, now would be a good time to bounce then!
Tezos pulled back as planned, now would be a good time to bounce then!
Trade closed: stop reached:
SL hit with -14.70% (2x) and -1R
Tezos did not react on 100EMA retest and kept falling, that's too bad :/
We can see it finally found support on that lower TL but we better for clearer situation before entering again.
Tezos did not react on 100EMA retest and kept falling, that's too bad :/
We can see it finally found support on that lower TL but we better for clearer situation before entering again.
