Long
$WAVES/USDT 4h (Binance Futures) Ascending channel on midline
Waves Protocol is up-trending and looks ready to break-out of that parallel channel after regaining 50MA.
Current Price= 29.839
Buy Entry = 30.116 - 28.846
Take Profit= 33.399 | 36.598 | 40.152
Stop Loss= 26.861
Risk/Reward= 1:1.5 | 1:2.72 | 1:4.07
Expected Profit= +26.58% | +48.28% | +72.40%
Possible Loss= -17.78%
Fib. Retracement= 0.786 | 1.272 | 1.764
Margin Leverage= 2x
Estimated Gain-time= 2 weeks
Current Price= 29.839
Buy Entry = 30.116 - 28.846
Take Profit= 33.399 | 36.598 | 40.152
Stop Loss= 26.861
Risk/Reward= 1:1.5 | 1:2.72 | 1:4.07
Expected Profit= +26.58% | +48.28% | +72.40%
Possible Loss= -17.78%
Fib. Retracement= 0.786 | 1.272 | 1.764
Margin Leverage= 2x
Estimated Gain-time= 2 weeks
Trade closed: target reached
TP1 reached with +26.58% (2x) and +1.5RWaves Protocol went for 1st target twice and will probably go for it again, higher targets are surely in play!
SL was adjusted to 2nd entry (28.946$) as the PC bot usually do to protect profit.
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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.