$RSR/BTC 3D (Binance Spot) Ascending channel on support
Updated
Let's give Reserve Rights another chance for mid/long-term swing, another promising DeFi project!
Current Price= 0.00000095
Buy Entry= 0.00000096 - 0.00000084
Take Profit= 0.00000138 | 0.00000189 | 0.00000225
Stop Loss= 0.00000058
Risk/Reward= 1:1.5 | 1:309 | 1:4.22
Expected Profit= +53.33% | +110.00% | +150.00%
Possible Loss= -35.56%
Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 7 months
Current Price= 0.00000095
Buy Entry= 0.00000096 - 0.00000084
Take Profit= 0.00000138 | 0.00000189 | 0.00000225
Stop Loss= 0.00000058
Risk/Reward= 1:1.5 | 1:309 | 1:4.22
Expected Profit= +53.33% | +110.00% | +150.00%
Possible Loss= -35.56%
Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 7 months
Trade active
All entries filledReserve Rights dipped as planned and is already heading higher, up to +24.44% (1x) so far.
Note
200MA support lostReserve Rights broke-down the channel, sadly this is not looking good :/
Trade closed: stop reached
SL hit with -35.56% (1x) and -1RReserve Rights confirmed the break-down, seems like we missed the opportunity to cancel that trade on 200MA retest but it was quite fast...
Now, it's forming a falling wedge on Lower TF so we'll keep an eye on how that pattern breaks!
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