$ATOM/USDT 3h (Binance Futures) Rising wedge breakdown & retest
Cosmos broke bearish locally and is likely to make new lows revisiting broken descending TL.
Current Price= 12.607
Sell Entry = 12.560 - 12.990
Take Profit= 11.668 | 10.406 | 9.593
Stop Loss= 13.785
Risk/Reward= 1:1.1 | 1:2.35 | 1:3.15
Expected Profit= +17.34% | +37.08% | +49.82%
Possible Loss= -15.82%
Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 2x
Estimated Gain-time= 10 days
Current Price= 12.607
Sell Entry = 12.560 - 12.990
Take Profit= 11.668 | 10.406 | 9.593
Stop Loss= 13.785
Risk/Reward= 1:1.1 | 1:2.35 | 1:3.15
Expected Profit= +17.34% | +37.08% | +49.82%
Possible Loss= -15.82%
Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 2x
Estimated Gain-time= 10 days
Trade active:
All entries filled
Cosmos is retesting the broken wedge, let's see if gets rejected here.
Cosmos is retesting the broken wedge, let's see if gets rejected here.
Trade closed: stop reached:
SL hit with -19.36% (2x) and -1.22R
Cosmos did not care about the wedge and kept pushing higher, maybe next time.
Cosmos did not care about the wedge and kept pushing higher, maybe next time.
Trade closed: target reached:
TP2 would have been reached with up to +44.18% (2x)
Too sad we got Stopped hunted on Cosmos, seems like the rising wedge played out with some delay.
If you were still in manually or if you dared to re-enter, then we recommend you to take profit here!
Too sad we got Stopped hunted on Cosmos, seems like the rising wedge played out with some delay.
If you were still in manually or if you dared to re-enter, then we recommend you to take profit here!
Cosmos entered back the wedge but still facing supply zone so we updated SL slightly above 14$.