$SFP/BTC 3h (Binance Spot) Falling wedge breakout
Updated
SafePal is looking bullish again after such a downtrend on LTF (Low Time Frame).
Current Price= 0.00004065
Buy Entry= 0.00003906 - 0.00003676
Take Profit= 0.00004443 | 0.00005270 | 0.00006748
Stop Loss= 0.00003139
Risk/Reward= 1:1 | 1:2.27 | 1:4.54
Expected Profit= +17.20% | +39.01% | +78.00%
Possible Loss= -17.20%
Fib. Retracement= 0.236 | 0.382 | 0.618
Margin Leverage= 1x
Estimated Gain-time= 10 days
Current Price= 0.00004065
Buy Entry= 0.00003906 - 0.00003676
Take Profit= 0.00004443 | 0.00005270 | 0.00006748
Stop Loss= 0.00003139
Risk/Reward= 1:1 | 1:2.27 | 1:4.54
Expected Profit= +17.20% | +39.01% | +78.00%
Possible Loss= -17.20%
Fib. Retracement= 0.236 | 0.382 | 0.618
Margin Leverage= 1x
Estimated Gain-time= 10 days
Note
TP1 would have been reached with +17.20% (1x) and 1RUnluckily, SafePal missed entry by 0.00000048, quite close as well.
There is still some chance to get filled on a pull-back so I'll be patient!
Trade active
All entries filledSafePal finally came down to our entry zone, let's be even more patient now until it bounces again!
Trade closed: stop reached
SL hit with -17.20% (1x) and -1RUnfortunately, SafePal lost bullish momentum and did not manage to stay above 50MA.
More downtrend is likely short-term, but mid-term is still promising so we'll try to catch it back later!
Related publications
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.