$AVAX/USDT 2h (Binance Futures) Triangle breakout and pullback
Avalanche is up-trending and does not seem to be stoping at all, let's join here!
Current Price= 61.435
Buy Entry = 61.223 - 57.557
Take Profit= 70.384 | 78.105 | 87.620
Stop Loss= 50.194
Risk/Reward= 1:1.2 | 1:2.04 | 1:3.07
Expected Profit= +18.51% | +31.51% | +47.53%
Possible Loss= -15.48%
Fib. Retracement= 1.272 | 1.618 | 2
Margin Leverage= 1x
Estimated Gain-time= 10 days
Current Price= 61.435
Buy Entry = 61.223 - 57.557
Take Profit= 70.384 | 78.105 | 87.620
Stop Loss= 50.194
Risk/Reward= 1:1.2 | 1:2.04 | 1:3.07
Expected Profit= +18.51% | +31.51% | +47.53%
Possible Loss= -15.48%
Fib. Retracement= 1.272 | 1.618 | 2
Margin Leverage= 1x
Estimated Gain-time= 10 days
Trade active
First entry filledAvalanche bounced as expected with up to +10.86% already, what a timing!
Trade closed: target reached
TP1 reached with +18.51% (1x) and +1.2RAvalanche pushed up and made a new ATH before retracing to demand zone!
SL edited to lowest entry (57.557$) as usual to secure profit and let it run.
Trade closed: target reached
TP2 reached with +31.51% (1x) and +2.04RAvalanche bounced on 200MA support then regained 50MA, nice profit if you stuck to original set-up!
Unfortunately, we got kicked out by the PC bot the other day, we would update SL to 61.223$ now in any case.
Trade closed: target reached
TP3 was reached with +47.53% (1x) and +3.07RAvalanche long set-up went for final target in the end, we were not longing it anymore though.
If you held manually then taking some more profit here would make sense. If not just wait for a new opportunity!
Related publications
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.
Related publications
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.