$MKR/USDT 1D (Binance Futures) Ascending triangle breakout
Maker broke bullish and is pulling back, let's enter on next dip!
Current Price= 3431.59
Buy Entry = 3261.65 - 3041.45
Take Profit= 3942.81 | 4823.80 | 6470.09
Stop Loss= 2623.80
Risk/Reward= 1:1.5 | 1:3.17 | 1:6.29
Expected Profit= +25.11% | +53.18% | +117.33%
Possible Loss= -16.75%
Fib. Retracement= 1.414 | 1.764 | 2.272
Margin Leverage= 1x
Estimated Gain-time= 1.5 months
Current Price= 3431.59
Buy Entry = 3261.65 - 3041.45
Take Profit= 3942.81 | 4823.80 | 6470.09
Stop Loss= 2623.80
Risk/Reward= 1:1.5 | 1:3.17 | 1:6.29
Expected Profit= +25.11% | +53.18% | +117.33%
Possible Loss= -16.75%
Fib. Retracement= 1.414 | 1.764 | 2.272
Margin Leverage= 1x
Estimated Gain-time= 1.5 months
Trade active
First entry filledMaker finally dipped enough to hit our buy zone, bullish scenario is still in play.
Note
Back in profitMaker would have been stopped, but PC bot did not sell on that wick down, luckily.
We decided to update SL to 2545.19$ to avoid another hunt since it bounced on 50MA!
Trade closed: target reached
TP1 reached with +25.11% (1x) and +1.3RMaker made it to a new ATH and does not seem to be stopping, so nice we were still in!
Note
TP2 reached with +53.18% (1x) and +3.17RMaker pushed higher and hit 2nd target before pulling back to TP1, time to add to the position is near.
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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.