$ADA/USDT 1h (Binance F.) Descending channel & wedge on support
Let's try a long with Cardano since bulls reacted well so far!
Current Price= 0.33128
Buy Entry= 0.33010 - 0.32500
Take Profit= 0.33986 | 0.35088 | 0.35891
Stop Loss= 0.31932
Risk/Reward= 1:1.5 | 1:2.83 | 1:3.81
Expected Profit= +15.04% | +28.48% | +38.28%
Possible Loss= -10.04%
Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 4x
Estimated Gain-time= 120h
Current Price= 0.33128
Buy Entry= 0.33010 - 0.32500
Take Profit= 0.33986 | 0.35088 | 0.35891
Stop Loss= 0.31932
Risk/Reward= 1:1.5 | 1:2.83 | 1:3.81
Expected Profit= +15.04% | +28.48% | +38.28%
Possible Loss= -10.04%
Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 4x
Estimated Gain-time= 120h
Trade closed: target reached
TP1 reached with +15.04% (4x) and 1.5RCardano made it after all, let's take some profit and wait for higher targets with SL at 2nd entry!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.