XTZ/BTC 8H (Binance) Falling wedge about to end
Tezos is facing strong support on 1500ish, I'm expecting it to breakout of the wedge soon:
Entry range= 0.0001510 - 0.0001556
Take Profit= 0.0001679 | 0.0001739 | 0.0001806
Stop Loss= 0.0001387
Risk/Reward ratio= 1:1 | 1:1.41 | 1:1.87
Expected Profit= 9.5% | 13.4% | 17.1%
Possible Loss= -9.5%
Entry range= 0.0001510 - 0.0001556
Take Profit= 0.0001679 | 0.0001739 | 0.0001806
Stop Loss= 0.0001387
Risk/Reward ratio= 1:1 | 1:1.41 | 1:1.87
Expected Profit= 9.5% | 13.4% | 17.1%
Possible Loss= -9.5%
Trade active
If breaks out strong, it can go way higher: Fib. 0.382 (0.0001895)
Fib. 0.5 (0.0002024)
Fib. 0.618 (0.0002153)
Note
2nd target reach with max profit +15% 🎯 I sold more than half and keep holding the rest with SL in gain.
Trade closed: target reached
Every TP was reached and Fib. 0.382 (0.0001895) almost hit, max profit +23.55%.Note
Fib. 0.5 (0.0002024) was finally hit with +32%.Trade closed: target reached
Last Fib. 0.618 (0.0002153) reached with +40.44%, you can close all remaining position!
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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.