Long
COCOS/USDT 12H (Binance) Falling wedge pullback & Double bottom
Cocos-BCX is at bottom at 5 satoshis also, it looks like time to reversal is now.
Entry range= 0.000489 - 0.000465
Take Profit= 0.000535 | 0.000579 | 0.000649
Stop Loss= 0.000419
Risk/Reward ratio= 1:1 | 1:1.76 | 1:3
Expected Profit= 12.16% | 21.38% | 36.63%
Possible Loss= -12.16%
Fib. Retracement= 0.236 | 0.382 | 0.618
Entry range= 0.000489 - 0.000465
Take Profit= 0.000535 | 0.000579 | 0.000649
Stop Loss= 0.000419
Risk/Reward ratio= 1:1 | 1:1.76 | 1:3
Expected Profit= 12.16% | 21.38% | 36.63%
Possible Loss= -12.16%
Fib. Retracement= 0.236 | 0.382 | 0.618
Trade active
SL almost hit then TP almost reached also and back to Buy range. Now blue support is acting as resistance, if you're not in yet wait for it to be broken. If you're already in, hold until targets or stop!Trade closed: stop reached
SL hit with -12.16%. Now on triangle S/R at 0.000401Big volume entered today, new set-up soon, keep an eye on it!
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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.