Long
$JASMY/BTC 12h (#BinanceSpot) Falling wedge on support
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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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.