$JASMY/BTC 12h (#BinanceSpot) Falling wedge on support
Updated
JasmyCoin seems to be bottomed here and would likely bounce back towards 100EMA (orange) resistance.
Current Price= 0.00000043
Buy Entry= 0.00000043 - 0.00000037
Take Profit= 0.00000072 | 0.00000104 | 0.00000152
Stop Loss= 0.00000024
Risk/Reward= 1:2 | 1:4 | 1:7
Expected Profit= +80.00% | +160.00% | +280.00%
Possible Loss= -40.00%
Fib. Retracement= 0.382 | 0.618 | 0.883
Margin Leverage= 1x
Estimated Gain-time= 1.5 months
Tags: #JASMY #JASMYBTC #DataDemocracy #PoV #Enterprise #Payment #DeFi
Website: jasmy.co.jp/en_company.html
Contract:
#ERC20 0x7420B4b9a0110cdC71fB720908340C03F9Bc03EC
Current Price= 0.00000043
Buy Entry= 0.00000043 - 0.00000037
Take Profit= 0.00000072 | 0.00000104 | 0.00000152
Stop Loss= 0.00000024
Risk/Reward= 1:2 | 1:4 | 1:7
Expected Profit= +80.00% | +160.00% | +280.00%
Possible Loss= -40.00%
Fib. Retracement= 0.382 | 0.618 | 0.883
Margin Leverage= 1x
Estimated Gain-time= 1.5 months
Tags: #JASMY #JASMYBTC #DataDemocracy #PoV #Enterprise #Payment #DeFi
Website: jasmy.co.jp/en_company.html
Contract:
#ERC20 0x7420B4b9a0110cdC71fB720908340C03F9Bc03EC
Trade active
All entries filled#JasmyCoin dipped to retest wedge support, now some ranging before reversal would be logical.
Note
Back to Break-Even#JasmyCoin was starting to look pretty bad yesterday but suddenly woke-up and bounced!
Set-up remains valid but of course much resistance ahead, let's watch it closely.
Note
Up to +45.00% from average entryJasmyCoin pushed higher after a last pull back and finally regained 50MA.
This looks solid and bullish continuation seems very likely, at least until 1st target!
Trade closed: target reached
Adjusted TP1 reached with +50.00% and +1.54RJasmyCoin is trying to break-out but facing wedge resistance, we edited targets and stop "tighter" to adapt to Price Action (PA).
You can change those values like on the chart or even use a closer SL at last entry (37 sats) to secure the trade!
Trade closed: target reached
TP2 reached with +120.00% and +3.69RJasmyCoin confirmed the break-out and pushed higher, almost hitting last target, missed by 2 sats only.
200MA (purple) is acting as resistance now, don't forget to TP some more, SL adjusted to highest entry (0.00000043)
Trade closed manually
Remaining position was closed with +7.50% and +0.23RJasmyCoin retraced down to demand zone after being rejected on 200MA several times.
Let's keep an eye on it and re-enter on a pull-back once the downtrend is broken!
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