$JASMY/USDT 2D (#Bybit) Big falling wedge breakout & retest

By TradingOn
Updated
JasmyCoin finally regained 50MA support and downtrend seems over, let's swing long on demand zone, targeting 100EMA.

⚡️⚡️ #JASMY/USDT ⚡️⚡️
Exchanges: Binance Futures, ByBit USDT
Signal Type: Regular (Long)
Leverage: Isolated (1.0X)
Amount: 4.5%

Current Price:
0.004642

Entry Zone:
0.004420 - 0.003402

Take-Profit Targets:
1) 0.005969
2) 0.007519
3) 0.009069

Stop Targets:
1) 0.002189

Published By: @Zblaba

Risk/Reward= 1:1.2 | 1:2.1 | 1:3.0
Expected Proft= +52.6% | +92.3% | +131.9%
Possible Loss= -44.0%
Comment
Estimated Gain-time= 2-3 months
Comment
Up to +68.43% (1x) since called

JasmyCoin bounced strong on 50MA (gray) and almost hit TP2, getting rejected on 100EMA (orange) resistance.
Unfortunately, entry was missed by $0.000024 three weeks ago, that was so near!
If you entered manually, reducing position here sounds wise, we may revisit demand zone later.

snapshot
Trade active
Entry finally filled

snapshot
Trade closed: target reached
TP1 reached with +1.2R

JasmyCoin resumed bullish, hitting back 1st target.

snapshot
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