Long

$RUNE/USDT 1D (Binance Futures) Falling wedge breakout & retest

Updated

THOR Chain got rejected on 200MA after the first attempt to resume bullish, it is likely to revisit it later then!

Current Price= 3.894
Buy Entry = 3.884 - 3.370
Take Profit= 5.177 | 6.777 | 8.427
Stop Loss= 2.592

Risk/Reward= 1:1.5 | 1:3.04 | 1:4.63
Expected Profit= +42.70% | +86.80% | +132.28%
Possible Loss= -28.56%

Fib. Retracement= 0.236 | 0.382 | 0.5
Margin Leverage= 1x
Estimated Gain-time= 2.5 months

Trade active

Both entries filled

ThorChain wicked down a little bit more than planned but so far very accurate dip catch! 💪🏼

Trade closed: target reached

TP1 reached with +42.70% (1x) and +1.5R

THOR Chain respected so accurately the demand zone and finally pumped after several days of accumulation!
Then it got rejected on 50MA as expected, probably a pull-back before bullish continuation, SL updated to 2nd entry (3.370$) in any case.

Trade closed: target reached

TP2 reached with +86.80% (1x) and +3.04R

THOR Chain is not pulling back, 50MA is regained and last target is surely on the table.
Amazing result, SL updated to first entry (3.884$) and let it go patiently!

Note

TP3 almost hit with up to +131.53% (1x)

THOR Chain retested 200MA resistance but missed last target by 0.027$ then revisited TP2 🙈
Let's take that as an opportunity to aim for further growth and set it up to 9.665$ instead.

Trade closed: target reached

TP3 reached with +166.40% (1x) and +5.83R

THOR Chain regained 200MA and made it to (updated) last target, what a beast, our best swing lately! 💪🏼

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