Long
$WAVES/USDT 1D (Binance Futures) Ascending channel on support
Waves has retraced down very hard and seems to have found local bottom here, let's swing again!
Current Price= 12.971
Buy Entry= 12.980 - 12.060
Take Profit= 15.774 | 18.969 | 25.630
Stop Loss= 9.909
Risk/Reward= 1:1.25 | 1:2.47 | 1:4.84
Expected Profit= +25.99% | +51.51% | +104.71%
Possible Loss= -20.85%
Fib. Retracement= 0.236 | 0.382 | 0.618
Margin Leverage= 1x
Estimated Gain-time= 2 months
Current Price= 12.971
Buy Entry= 12.980 - 12.060
Take Profit= 15.774 | 18.969 | 25.630
Stop Loss= 9.909
Risk/Reward= 1:1.25 | 1:2.47 | 1:4.84
Expected Profit= +25.99% | +51.51% | +104.71%
Possible Loss= -20.85%
Fib. Retracement= 0.236 | 0.382 | 0.618
Margin Leverage= 1x
Estimated Gain-time= 2 months
Trade closed: target reached
TP1 was reached with +25.99% (1x) and +1.35RWaves started recovering nicely, breaking out local down-trend, bullish continuation is likely.
Trade closed: target reached
TP2 reached with +51.51% (1x) and +2.47RAfter missing 2nd target by only 0.02$, 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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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.