ADA/BTC 8H (Binance) Back in falling wedge after fakeout
Updated
Cardano is on support at Fib 0.236 (485 sats) and I'm expecting it to breakout that wedge so now is looking like a good entry range.
Buy Entry= 0.00000489 - 0.00000469
Take Profit= 0.00000525 | 0.00000557 | 0.00000590
Stop Loss= 0.00000433
Risk/Reward= 1:1 | 1:1.7 | 1:2.41
Expected Profit= 9.60% | 16.28% | 23.17%
Possible Loss= -9.60%
Fib. Retracement= 0.382 | 0.5 | 0.618
Margin Leverage= 1x | 3x | 5x
Buy Entry= 0.00000489 - 0.00000469
Take Profit= 0.00000525 | 0.00000557 | 0.00000590
Stop Loss= 0.00000433
Risk/Reward= 1:1 | 1:1.7 | 1:2.41
Expected Profit= 9.60% | 16.28% | 23.17%
Possible Loss= -9.60%
Fib. Retracement= 0.382 | 0.5 | 0.618
Margin Leverage= 1x | 3x | 5x
Trade active
2/3 entries filled, get ready for bounce...Note
Couldn't breakout yet, went down for wedge support again, I bought more there with lower SL=419 satsTrade closed: target reached
TP1 reached with +9.60% (48% using 5x) it was about time! I'd appreciate some feedback and likes here.
Trade closed: target reached
TP2 reached with +16.28% (81.4% using 5x Margin Leverage), last target missed by 5 sats but still valid.Don't forget to take profit and secure gain with a SL above your entry!
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