$ALICE/BTC 4h (Binance Spot) Falling wedge breakout
Updated
My Neighbor Alice broke-out bullish again and seems to be ready to push higher short-term.
If you want to give Margin trading a try, 2x would be the max recommended leverage here!
Current Price= 0.00034405
Buy Entry= 0.00034133 - 0.00032171
Take Profit= 0.00037489 | 0.00041726 | 0.00045456
Stop Loss= 0.00029669
Risk/Reward= 1:1.25 | 1:2.46 | 1:3.53
Expected Profit= +13.08% | +25.86% | +37.11%
Possible Loss= -10.51%
Fib. Retracement= 0.618 | 0.893 | 1.117
Margin Leverage= 1x
Estimated Gain-time= 10 days
If you want to give Margin trading a try, 2x would be the max recommended leverage here!
Current Price= 0.00034405
Buy Entry= 0.00034133 - 0.00032171
Take Profit= 0.00037489 | 0.00041726 | 0.00045456
Stop Loss= 0.00029669
Risk/Reward= 1:1.25 | 1:2.46 | 1:3.53
Expected Profit= +13.08% | +25.86% | +37.11%
Possible Loss= -10.51%
Fib. Retracement= 0.618 | 0.893 | 1.117
Margin Leverage= 1x
Estimated Gain-time= 10 days
Trade active
All entries filledMyNeighborAlice dipped more than planned and went for full retest of the wedge, could touch 100EMA (orange) before bouncing.
We updated SL a bit lower (0.00028815$) to give it some more space, keeping RR= 1:1 for TP1.
Trade closed: stop reached
SL was hit with -13.08% (1x) and -1.25RMyNeighborAlice kept going down losing 100EMA but respecting the wedge support.
We guess timing was not right but as long as 200MA is holding a bounce is still likely, we'll keep an eye on it!
Note
Bounced back +24.94% (1x)MyNeighborAlice retested 200MA support and reacted as mentioned in our last message, we hope some of you bought back manually!
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