$AVAX/USDT 1h (Binance Fut) Descending channel breakout & retest
#Avalanche broke out the parallel channel and pulled back, seems to be a good time to enter.
Current Price= 3.1961
Buy Entry= 3.1904 - 3.1580
Take Profit= 3.2632 | 3.3251 | 3.4337
Stop Loss= 3.0998
Risk/Reward= 1:1.2 | 1:2.03 | 1:3.49
Expected Profit= +11.20% | +19.00% | +32.72%
Possible Loss= -9.36%
Fib. Retracement= 0.5 | 0.786 | 1.272
Margin Leverage= 4x
Estimated Gain-time= 120h
Current Price= 3.1961
Buy Entry= 3.1904 - 3.1580
Take Profit= 3.2632 | 3.3251 | 3.4337
Stop Loss= 3.0998
Risk/Reward= 1:1.2 | 1:2.03 | 1:3.49
Expected Profit= +11.20% | +19.00% | +32.72%
Possible Loss= -9.36%
Fib. Retracement= 0.5 | 0.786 | 1.272
Margin Leverage= 4x
Estimated Gain-time= 120h
Trade active
All entries filled#Avalanche dipped as expected, let's wait and see if it goes for targets now!
Trade closed: target reached
TP1 with +11.20% (4x) & 1.2RAvalanche reacted exactly as planned, that's nice, road to second target now!
Trade closed: target reached
Almost TP2 with +19.00% (4x) & 2.03RAvalanche missed target 2 by 0.0020$ 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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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.