$KSM/USDT 2h (Binance Futures) Desending wedge breaking out
Kusama is looking bullish again after that break-out, let's enter here!
Current Price= 224.844
Buy Entry= 225.523 - 220.523
Take Profit= 241.768 | 273.560 | 299.970
Stop Loss= 207.968
Risk/Reward= 1:1.25 | 1:3.36 | 1:5.11
Expected Profit= +25.20% | +67.98% | +103.50%
Possible Loss= -20.25%
Fib. Retracement= 0.5 | 0.786 | 1
Margin Leverage= 3x
Estimated Gain-time= 10 days
Current Price= 224.844
Buy Entry= 225.523 - 220.523
Take Profit= 241.768 | 273.560 | 299.970
Stop Loss= 207.968
Risk/Reward= 1:1.25 | 1:3.36 | 1:5.11
Expected Profit= +25.20% | +67.98% | +103.50%
Possible Loss= -20.25%
Fib. Retracement= 0.5 | 0.786 | 1
Margin Leverage= 3x
Estimated Gain-time= 10 days
Trade active
All entries filledKusama first bounced then pulled back inside the wedge/triangle, but still looks promising to me.
Trade closed: target reached
TP1 reached with +25.20% (3x) and 1.25RKusama perfectly respected the demand zone then finally went up to first target and a bit more.
Now it is pulling back but I am still expecting others to be hit later, we are definitely bullish!
Anyway, Stop Loss moved to 2nd entry (220.523$) as always (the PC bot does it automatically).
Trade closed: target reached
TP2 reached with +67.98% (3x) and +3.36RAfter revisiting the entry zone, Kusama pumped again, stronger this time.
Fortunately, I managed to lower the 2nd entry on time with the PC bot to avoid being Stopped at BE (Break-Even).
Trade closed: target reached
TP3 with +103.50% (3x) and +5.11RThat's a wrap for Kusama, all targets reached and even more, trade is closed now, enjoy that massive profit!
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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.