$GTC/USDT 4h (Binance Futures) Falling broadening wedge breakout

7. Dez. 2021

Gitcoin bounced several times on 200MA support and seems ready for recovery now, let's enter on the retest.

Current Price= 12.501
Buy Entry= 12.150 - 11.114
Take Profit= 14.921 | 18.030 | 22.997
Stop Loss= 9.433

Risk/Reward= 1:1.5 | 1:2.91 | 1:5.17
Expected Profit= +28.28% | +55.00% | +97.70%
Possible Loss= -18.90%

Fib. Retracement= 0.382 | 0.559 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 3 weeks

Website: gitcoin.co

9. Dez. 2021

Anmerkung

Up to +21.30% (1x) since called

Gitcoin pumped almost instantly after a mini-dip, unfortunately entry was missed by 0.041$ 😏
50MA is being regained right now which is quite positive but a pull-back is still likely, we may be filled later then.

9. Dez. 2021

Trade ist aktiv

First entry filled

Gitcoin pulled back to demand zone, who would have thought?! 😜

9. Dez. 2021

Trade ist aktiv

Second and third entries filled

Gitcoin dipped further and now we are fully in, let's be patient and see if it can bounce back.

13. Dez. 2021

Trade geschlossen: Stop wurde erreicht

SL hit with -18.90% (1x) and -1R

Gitcoin did not manage to bounce back on support and continued the retracement down.

7. Jan. 2022

Anmerkung

TP2 would have been reached with +55.31% (1x)

Gitcoin regained strength and went back up 2 weeks ago, then dipped to demand zone again.
Now holding above 200MA support, this is a decent place to bounce and resume bullish.