$RUNE/USDT 12h (#BinanceFutures) Falling wedge break and retest
Updated
THOR Chain is pulling back to demand zone after regaining 50MA, let's catch next dip for a bounce towards 200MA.
Current Price= 4.952
Buy Entry = 4.710 - 4.270
Take Profit= 5.865 | 6.967 | 7.932
Stop Loss= 3.571
Risk/Reward= 1:1.5 | 1:2.7 | 1:3.75
Expected Profit= +30.62% | +55.17% | +76.66%
Possible Loss= -20.47%
Fib. Retracement= 0.618 | 0.786 | 0.883
Margin Leverage= 1x
Estimated Gain-time= 2 months
Tags: #RUNE #RUNEUSDT #THOR #Yield #LP #DEx #DeFi #BC #Cosmos
Website: thorchain.org
Contracts:
#Mainnet
#ERC20 0x3155ba85d5f96b2d030a4966af206230e46849cb
#BEP2 RUNE-B1A
Current Price= 4.952
Buy Entry = 4.710 - 4.270
Take Profit= 5.865 | 6.967 | 7.932
Stop Loss= 3.571
Risk/Reward= 1:1.5 | 1:2.7 | 1:3.75
Expected Profit= +30.62% | +55.17% | +76.66%
Possible Loss= -20.47%
Fib. Retracement= 0.618 | 0.786 | 0.883
Margin Leverage= 1x
Estimated Gain-time= 2 months
Tags: #RUNE #RUNEUSDT #THOR #Yield #LP #DEx #DeFi #BC #Cosmos
Website: thorchain.org
Contracts:
#Mainnet
#ERC20 0x3155ba85d5f96b2d030a4966af206230e46849cb
#BEP2 RUNE-B1A
Note
TP1 would have been reached with up to +22.97% (1x)ThorChain bounced on 100EMA straight away, but without filling our entry unluckily.
If you bought manually don't forget to partially TP, we may revisit demand zone later!
Note
TP2 would have been reached with up to +50.64% (1x)#ThorChain dipped to 200MA but resumed bullish right after, if you were in don't forget to Take more Profit here.
Order cancelled
TP3 would have been reached with up to +77.42% (1x)ThorChain went for all targets without us, too sad but time to cancel the trade, if you were in you better Take Profit.
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