$MKR/USDT 2h (#BinanceFutures) Falling broadening wedge breakout
Maker DAO just regained 50MA support and is about to recover locally if market allows it.
makerdao.com
Current Price= 2089.5
Buy Entry= 2081.7 - 2032.9
Take Profit= 2240.9 | 2436.3 | 2684.0
Stop Loss= 1925.7
Risk/Reward= 1:1.4 | 1:2.88 | 1:4.76
Expected Profit= +26.76% | +55.26% | +91.38%
Possible Loss= -19.20%
Fib. Retracement= 0.5 | 0.786 | 1.117
Margin Leverage= 3x
Estimated Gain-time= 10 days
Contracts:
#ERC20 0x9f8f72aa9304c8b593d555f12ef6589cc3a579a2
#BEP20 0x5f0da599bb2cccfcf6fdfd7d81743b6020864350
#BEP2 MKR-F04
#AVAXC 0x88128fd4b259552A9A1D457f435a6527AAb72d42
makerdao.com
Current Price= 2089.5
Buy Entry= 2081.7 - 2032.9
Take Profit= 2240.9 | 2436.3 | 2684.0
Stop Loss= 1925.7
Risk/Reward= 1:1.4 | 1:2.88 | 1:4.76
Expected Profit= +26.76% | +55.26% | +91.38%
Possible Loss= -19.20%
Fib. Retracement= 0.5 | 0.786 | 1.117
Margin Leverage= 3x
Estimated Gain-time= 10 days
Contracts:
#ERC20 0x9f8f72aa9304c8b593d555f12ef6589cc3a579a2
#BEP20 0x5f0da599bb2cccfcf6fdfd7d81743b6020864350
#BEP2 MKR-F04
#AVAXC 0x88128fd4b259552A9A1D457f435a6527AAb72d42
Trade closed: target reached
TP1 was reached with +26.76% (3x) and +1.4RMakerDAO bounced nicely on 50MA support then got rejected on 200MA resistance.
Now back to demand zone, we expect another move up but SL was updated to lowest entry (2032.9$)
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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.