$AVAX/USDT 1h (Binance Fut) Descending channel breakout & retest
Updated
#Avalanche broke out the parallel channel and pulled back, seems to be a good time to enter.
Current Price= 3.1961
Buy Entry= 3.1904 - 3.1580
Take Profit= 3.2632 | 3.3251 | 3.4337
Stop Loss= 3.0998
Risk/Reward= 1:1.2 | 1:2.03 | 1:3.49
Expected Profit= +11.20% | +19.00% | +32.72%
Possible Loss= -9.36%
Fib. Retracement= 0.5 | 0.786 | 1.272
Margin Leverage= 4x
Estimated Gain-time= 120h
Current Price= 3.1961
Buy Entry= 3.1904 - 3.1580
Take Profit= 3.2632 | 3.3251 | 3.4337
Stop Loss= 3.0998
Risk/Reward= 1:1.2 | 1:2.03 | 1:3.49
Expected Profit= +11.20% | +19.00% | +32.72%
Possible Loss= -9.36%
Fib. Retracement= 0.5 | 0.786 | 1.272
Margin Leverage= 4x
Estimated Gain-time= 120h
Trade active
All entries filled#Avalanche dipped as expected, let's wait and see if it goes for targets now!
Trade closed: target reached
TP1 with +11.20% (4x) & 1.2RAvalanche reacted exactly as planned, that's nice, road to second target now!
Trade closed: target reached
Almost TP2 with +19.00% (4x) & 2.03RAvalanche missed target 2 by 0.0020$ but will probably go for it anyway!
Trade closed: target reached
TP3 reached with +32.72% (4x) & 3.49RAvalanche retested the entry zone twice and went for last target. 💪🏼
If you moved SL at entry like the PC bot did, then you were out, but if you managed to re-enter manually, awesome gain!
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