$ADA/BTC 210m (Binance Futures) Falling wedge breakout
Updated
Cardano is looking ready to continue upwards after that bullish pattern break-out.
Current Price= 0.00002162
Buy Entry= 0.00002162 - 0.00002100
Take Profit= 0.00002493 | 0.00002937 | 0.00003498
Stop Loss= 0.00001889
Risk/Reward= 1:1.5 | 1:3.33 | 1:5.65
Expected Profit= +16.99% | +37.82% | +64.15%
Possible Loss= -11.36%
Fib. Retracement= 0.382 | 0.786 | 1.272
Margin Leverage= 1x
Estimated Gain-time= 10 days
Current Price= 0.00002162
Buy Entry= 0.00002162 - 0.00002100
Take Profit= 0.00002493 | 0.00002937 | 0.00003498
Stop Loss= 0.00001889
Risk/Reward= 1:1.5 | 1:3.33 | 1:5.65
Expected Profit= +16.99% | +37.82% | +64.15%
Possible Loss= -11.36%
Fib. Retracement= 0.382 | 0.786 | 1.272
Margin Leverage= 1x
Estimated Gain-time= 10 days
Trade active
All entries filledCardano did not go as expected and kept falling, original SL would have been hit.
But I decided to update it lower (0.00001769₿) because a bounce is still likely, now R/R is 1:1 for TP1!
If you are already out, better wait for clear reversal signs before entering again.
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