$SCRT/BTC 3D (#BinanceMargin) Big rising wedge on resistance
Updated
Secret Network got rejected on top and is now facing supply zone, could retrace down in the coming months.
Current Price= 0.00017012
Sell Entry = 0.00017092 - 0.00018817
Take Profit= 0.00013928 | 0.00010075 | 0.00007980
Stop Loss= 0.00021137
Risk/Reward= 1:1.5 | 1:2.45 | 1:3.1
Expected Profit= +22.30% | +43.80% | +55.48%
Possible Loss= -17.91%
Fib. Retracement= 0.5 | 0.786 | 1
Margin Leverage= 1x
Estimated Gain-time= 6 months
Tags: #SCRT #SCRTBTC #Privacy #Web3 #SC #NFT #DeFi
Website: scrt.network
Contracts:
#Mainnet
#Secret secret1k0jntykt7e4g3y88ltc60czgjuqdy4c9e8fzek
#Cosmos IBC/0954E1C28EB7AF5B72D24F3BC2B47BBB2FDF91BDDFD57B74B99E133AED40972A
Current Price= 0.00017012
Sell Entry = 0.00017092 - 0.00018817
Take Profit= 0.00013928 | 0.00010075 | 0.00007980
Stop Loss= 0.00021137
Risk/Reward= 1:1.5 | 1:2.45 | 1:3.1
Expected Profit= +22.30% | +43.80% | +55.48%
Possible Loss= -17.91%
Fib. Retracement= 0.5 | 0.786 | 1
Margin Leverage= 1x
Estimated Gain-time= 6 months
Tags: #SCRT #SCRTBTC #Privacy #Web3 #SC #NFT #DeFi
Website: scrt.network
Contracts:
#Mainnet
#Secret secret1k0jntykt7e4g3y88ltc60czgjuqdy4c9e8fzek
#Cosmos IBC/0954E1C28EB7AF5B72D24F3BC2B47BBB2FDF91BDDFD57B74B99E133AED40972A
Trade closed: target reached
TP1 reached with +22.30% (1x) and +1.25R#SecretNetwork retraced as expected and broke the wedge down, revisiting 50MA support.
Bearish continuation is in play, SL edited down to highest entry now (0.00018817)
Trade closed: target reached
TP2 reached with +43.80% (1x) and +2.45R#SecretNetwork ketp going down as planned, losing 50MA and bringing a very nice profit
It bounced on 100EMA retest, last target remains valid but SL was edited down to 0.00017092
Trade closed: target reached
TP3 reached with +55.48% (1x) and +3.1RSecret Network continued with the correction after losing 100EMA support, that was sharp!
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