$TRX/BTC 4h (Binance Spot) Descending wedge near breakout
Updated
Tron looks bottomed and could start reversing soon, waiting for break-out would be safer though...
Current Price= 0.00000080
Buy Entry= 0.00000081 - 0.00000077
Take Profit= 0.00000098 | 0.00000114 | 0.00000125
Stop Loss= 0.00000069
Risk/Reward= 1:1.9 | 1:3.5 | 1:4.6
Expected Profit= +24.05% | +44.30% | +58.23%
Possible Loss= -12.66%
Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 240h
Current Price= 0.00000080
Buy Entry= 0.00000081 - 0.00000077
Take Profit= 0.00000098 | 0.00000114 | 0.00000125
Stop Loss= 0.00000069
Risk/Reward= 1:1.9 | 1:3.5 | 1:4.6
Expected Profit= +24.05% | +44.30% | +58.23%
Possible Loss= -12.66%
Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 240h
Trade active
First entry filled and upTron broke out of that wedge slowly but surely (~16%), I believe the big move up will come anytime now 100EMA was flipped!
Since it's taking more time than expected, I updated the gain-time to 360h.
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