$WAVES/USDT 1D (Binance Futures) Ascending channel on support
Updated
Waves has retraced down very hard and seems to have found local bottom here, let's swing again!
Current Price= 12.971
Buy Entry= 12.980 - 12.060
Take Profit= 15.774 | 18.969 | 25.630
Stop Loss= 9.909
Risk/Reward= 1:1.25 | 1:2.47 | 1:4.84
Expected Profit= +25.99% | +51.51% | +104.71%
Possible Loss= -20.85%
Fib. Retracement= 0.236 | 0.382 | 0.618
Margin Leverage= 1x
Estimated Gain-time= 2 months
Current Price= 12.971
Buy Entry= 12.980 - 12.060
Take Profit= 15.774 | 18.969 | 25.630
Stop Loss= 9.909
Risk/Reward= 1:1.25 | 1:2.47 | 1:4.84
Expected Profit= +25.99% | +51.51% | +104.71%
Possible Loss= -20.85%
Fib. Retracement= 0.236 | 0.382 | 0.618
Margin Leverage= 1x
Estimated Gain-time= 2 months
Trade closed: target reached
TP1 was reached with +25.99% (1x) and +1.35RWaves started recovering nicely, breaking out local down-trend, bullish continuation is likely.
Trade closed: target reached
TP2 reached with +51.51% (1x) and +2.47RAfter missing 2nd target by only 0.02$, Waves revisited demand zone and bounced back twice.
Now it has regained both 200MA & 50MA and descending TL support then entered back inside the channel.
Looks good for bullish continuation, last target is still in play, probably after a pull-back!
Trade closed: target reached
TP3 reached with +104.71% (1x) and +5.02RWaves pulled back -10.15% then resumed bullish as mentioned in last message.
Up to +116.64% from average entry, that was a sharp surge, trade is closed now!
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