SNX/BTC 4h (Binance Spot) Trendline breakout & W pattern
Updated
Synthetix Network is looking bullish again after that clear breakout, let's follow the trend.
Current Price= 0.0004240
Buy Entry= 0.0004190 - 0.0004020
Take Profit= 0.0004509 | 0.0004822 | 0.0005306
Stop Loss= 0.0003769
Risk/Reward= 1:1.2 | 1:2.13 | 1:3.57
Expected Profit= +9.84% | +17.47% | +29.26%
Possible Loss= -8.19%
Fib. Retracement= 0.5 | 0.618 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 360h
Current Price= 0.0004240
Buy Entry= 0.0004190 - 0.0004020
Take Profit= 0.0004509 | 0.0004822 | 0.0005306
Stop Loss= 0.0003769
Risk/Reward= 1:1.2 | 1:2.13 | 1:3.57
Expected Profit= +9.84% | +17.47% | +29.26%
Possible Loss= -8.19%
Fib. Retracement= 0.5 | 0.618 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 360h
Trade closed: target reached
TP2 with +17.47% from best entryLast target is still valid, so I'll add back to my position in order to be worth it.
But in case of more dipping remember bot would close at 0.0004020 BTC
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