$COTI/BTC 1D (Binance Spot) Falling wedge breakout
Updated
Currency Of The Internet has broken-out bullish and looks good for continuation, maybe after a 50MA retest!
Current Price= 0.00000740
Buy Entry= 0.00000708 - 0.00000666
Take Profit= 0.00000910 | 0.00001212 | 0.00001681
Stop Loss= 0.00000538
Risk/Reward= 1:1.5 | 1:3.52 | 1:6.67
Expected Profit= +32.46% | +76.42% | +144.69%
Possible Loss= -21.69%
Fib. Retracement= 0.786 | 1.272 | 2
Margin Leverage= 1x
Estimated Gain-time= 2.5 months
Current Price= 0.00000740
Buy Entry= 0.00000708 - 0.00000666
Take Profit= 0.00000910 | 0.00001212 | 0.00001681
Stop Loss= 0.00000538
Risk/Reward= 1:1.5 | 1:3.52 | 1:6.67
Expected Profit= +32.46% | +76.42% | +144.69%
Possible Loss= -21.69%
Fib. Retracement= 0.786 | 1.272 | 2
Margin Leverage= 1x
Estimated Gain-time= 2.5 months
Trade closed: target reached
TP1 would have been reached with +32.46%CurrencyOfTheInternet pumped as expected, unfortunately PC bot missed entry by 17 sats...
I hope some of you managed to enter manually anyway, if not you know what to do: wait for a pull-back!
Trade closed: stop reached
SL hit with -21.69% (1x) and -1RCurrencyOfTheInternet pulled back too hard and is back inside the wedge.
We avoided being stopped on those wicks down but now it's time to take a loss here!
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.