Aliceusdt
$ALICE/USDT 90m (Binance Futures) Falling wedge breakoutMyNeighborAlice seems to be ready for another big move up after that bullish breakout!
Current Price= 12.365
Buy Entry = 12.272 - 11.970
Take Profit= 13.296 | 14.437 | 16.604
Stop Loss= 11.336
Risk/Reward= 1:1.5 | 1:2.95 | 1:5.71
Expected Profit= +29.07% | +57.33% | +110.97%
Possible Loss= -19.44%
Fib. Retracement= 0.5 | 0.786 | 1.272
Margin Leverage= 3x
Estimated Gain-time= 10 days
#Alice Bottomed out Support Found Bullish Price Action found Entry - Current Price $12.34
Stop Loss - $11.61
Exit - $17.13
Leverage - 10 x
Risk to reward - 6 to 1
+38% Move.
4 Hour Time Frame Analysis -
We can see Alice has found a nice bottom forming a range on the 4 hour time frame.
Along with this, it has also produced some bullish price action with a nice big reversal pib.
We also have a 4 hour bull div, showing us that bulls have taken control.
We have some nice volume coming in on the 1 hour as well!
We have 3 targets for this trade as we are expecting a big move.
As always best of luck
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ALICEUSDT 4H long setup; Retest of broken desc parallel channelTA explained
ALICE broke out of the descending parallel channel. Currently in a pullback. A retest of the W-neckline can be expected and the entry zone is positioned between the 0.5 and 0.786 fib levels of the latest impulsive move.
Trade setup
Best entries: 12.910 - 13.758
TP1: 15.181
TP2: 17.477
TP3: 20.645
SL: 12.023
RR: 5.61
Max leverage: 2x
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Trade at own risk (of course)
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