$MKR/USDT 1D (Binance Futures) Ascending triangle breakout
Maker broke bullish and is pulling back, let's enter on next dip!
Current Price= 3431.59
Buy Entry = 3261.65 - 3041.45
Take Profit= 3942.81 | 4823.80 | 6470.09
Stop Loss= 2623.80
Risk/Reward= 1:1.5 | 1:3.17 | 1:6.29
Expected Profit= +25.11% | +53.18% | +117.33%
Possible Loss= -16.75%
Fib. Retracement= 1.414 | 1.764 | 2.272
Margin Leverage= 1x
Estimated Gain-time= 1.5 months
Current Price= 3431.59
Buy Entry = 3261.65 - 3041.45
Take Profit= 3942.81 | 4823.80 | 6470.09
Stop Loss= 2623.80
Risk/Reward= 1:1.5 | 1:3.17 | 1:6.29
Expected Profit= +25.11% | +53.18% | +117.33%
Possible Loss= -16.75%
Fib. Retracement= 1.414 | 1.764 | 2.272
Margin Leverage= 1x
Estimated Gain-time= 1.5 months
Trade active:
First entry filled
Maker finally dipped enough to hit our buy zone, bullish scenario is still in play.
Maker finally dipped enough to hit our buy zone, bullish scenario is still in play.
Trade closed: target reached:
TP1 reached with +25.11% (1x) and +1.3R
Maker made it to a new ATH and does not seem to be stopping, so nice we were still in!
Maker made it to a new ATH and does not seem to be stopping, so nice we were still in!
Comment:
TP2 reached with +53.18% (1x) and +3.17R
Maker pushed higher and hit 2nd target before pulling back to TP1, time to add to the position is near.
Maker pushed higher and hit 2nd target before pulling back to TP1, time to add to the position is near.
Maker would have been stopped, but PC bot did not sell on that wick down, luckily.
We decided to update SL to 2545.19$ to avoid another hunt since it bounced on 50MA!