TradingOn

$ATOM/USDT 2D (Binance Futures) Falling wedge breakout & retest

Long
TradingOn Aktualisiert   
BINANCE:ATOMUSDT.P   Cosmos / TetherUS PERPETUAL CONTRACT
Cosmos has broken out bullish on High Time Frame (HTF) and could made a nice run if manages to bounce on that 200MA retest!

Current Price= 10.848
Buy Entry= 10.595 - 9.543
Take Profit= 13.431 | 15.874 | 18.765
Stop Loss= 7.369

Risk/Reward= 1:1.25 | 1:2.15 | 1:3.22
Expected Profit= +33.39% | +57.65% | +86.36%
Possible Loss= -26.81%

Fib. Retracement= 0.382 | 0.5 | 0.618
Margin Leverage= 1x
Estimated Gain-time= 2.5 months
Kommentar:
Entry missed by 0.044$

Cosmos dipped and bounced as expected, unfortunately we were not filled, maybe next dip!

Trade ist aktiv:
First entry filled

Cosmos almost hit first target then pulled back to demand zone, now retesting 200MA and wedge support!

Kommentar:
Second entry filled

Cosmos dipped inside the wedge then suddenly bounced back and is now forming a hammer candle if closes that way.
Things are starting to look good again, let's hope 200MA could be regained soon! 📈

Trade geschlossen: Ziel wurde erreicht:
TP1 reached with +33.39% (1x) and +1.25R

Cosmos bounced on wedge retest and perfectly hit first target 💪🏼
The got rejected on first attempt to break-out of the descending Trend-Line.
Will probably make it later but we moved SL to 2nd entry (9.543$) anyway!

Trade geschlossen: Ziel wurde erreicht:
TP2 reached with +57.65% (1x) and +2.15R

Cosmos has regained 50MA and is going towards an other galaxy 💫
Very nice profit booked and SL updated to 1st entry now (10.595$) to be safe!

Trade geschlossen: Ziel wurde erreicht:
TP3 reached with +86.36% (1x) and +3.22R

Cosmos achieved all targets with up to +103.22% from average entry, what a rocket!


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