$AMB/BTC 1D (Binance Spot) Big falling wegde breakout
Updated
Ambrosus is ranging for quite some time and TL support is holding, seems to be almost ready for next impulse.
Current Price= 0.00000080
Buy Entry= 0.00000080 - 0.00000072
Take Profit= 0.00000097 | 0.00000116 | 0.00000146
Stop Loss= 0.00000059
Risk/Reward= 1:1.24 | 1:2.35 | 1:4.12
Expected Profit= +27.63% | +52.63% | +92.11%
Possible Loss= -22.37%
Fib. Retracement= 0.236 | 0.382 | 0.618
Margin Leverage= 1x
Estimated Gain-time= 3 months
Current Price= 0.00000080
Buy Entry= 0.00000080 - 0.00000072
Take Profit= 0.00000097 | 0.00000116 | 0.00000146
Stop Loss= 0.00000059
Risk/Reward= 1:1.24 | 1:2.35 | 1:4.12
Expected Profit= +27.63% | +52.63% | +92.11%
Possible Loss= -22.37%
Fib. Retracement= 0.236 | 0.382 | 0.618
Margin Leverage= 1x
Estimated Gain-time= 3 months
Trade active
First entry filledAmbrosus bounced up to +18.75% almost hitting first target then pulled back to demand zone.
The set-up is still valid but could take some time, let's be patient here (as usual).
Trade closed: target reached
TP1 reached with +25.64% (1x) and +1.24RAmbrosus made it to 1st target on 2nd attempt, totally worth the wait!
Seems to be having a hard time closing above 100EMA but will keep growing whenever it does.
Stop Loss adjusted to lowest entry (72 sats) just in case and enjoy the ride 📈
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