$GRT/BTC 1D (Binance Spot) Falling wedge near breakout
Updated
TheGraph is retesting 50MA support and seems ready for a big move-up after!
That DeFi / BSC token is also part of most Ecosystems such as Solana, Polygon, Fantom, NearProtocol, Avalanche, Sora...
But even more important, it's the Ai / BigData leader, more information on thegraph.com
Current Price= 0.00001549
Buy Entry= 0.00001552 - 0.00001418
Take Profit= 0.00002017 | 0.00002571 | 0.00003020
Stop Loss= 0.00001181
Risk/Reward= 1:1.75 | 1:3.57 | 1:5.05
Expected Profit= +35.82% | +73.58% | +103.37%
Possible Loss= -20.47%
Fib. Retracement= 0.5 | 0.702 | 0.883
Margin Leverage= 1x
Estimated Gain-time= 3 months
That DeFi / BSC token is also part of most Ecosystems such as Solana, Polygon, Fantom, NearProtocol, Avalanche, Sora...
But even more important, it's the Ai / BigData leader, more information on thegraph.com
Current Price= 0.00001549
Buy Entry= 0.00001552 - 0.00001418
Take Profit= 0.00002017 | 0.00002571 | 0.00003020
Stop Loss= 0.00001181
Risk/Reward= 1:1.75 | 1:3.57 | 1:5.05
Expected Profit= +35.82% | +73.58% | +103.37%
Possible Loss= -20.47%
Fib. Retracement= 0.5 | 0.702 | 0.883
Margin Leverage= 1x
Estimated Gain-time= 3 months
Trade active
First entry filledTheGraph bounced and is now breaking out, rejected twice on 200MA resistance, we believe next attempt would be it!
Trade active
Second entry filledTheGraph revisited 50MA / wedge support and is trying to break 200MA resistance again!
Trade closed: stop reached
SL was hit with -20.47% and -1RTheGraph never managed to regain 50MA support and continued the downtrend!
Chance to get back to BE seems quite low but maybe a retest of 50MA before more retracement.
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