FTM/USDT 3D (Binance) Descending triangle on support
Fantom is at triangle support again, could totally bounce back and even break it!
After exiting the big falling wedge downtrend should have been ended.
Entry range= 0.00881 - 0.00921
Take Profit= 0.01049 | 0.01192 | 0.01335
Stop Loss= 0.00906
Risk/Reward ratio= 1:1 | 1:2 | 1:3
Expected Profit= 15.78% | 31.57% | 47.35%
Possible Loss= -15.78%
After exiting the big falling wedge downtrend should have been ended.
Entry range= 0.00881 - 0.00921
Take Profit= 0.01049 | 0.01192 | 0.01335
Stop Loss= 0.00906
Risk/Reward ratio= 1:1 | 1:2 | 1:3
Expected Profit= 15.78% | 31.57% | 47.35%
Possible Loss= -15.78%
Trade active:
Price bounced on support and reached +8.94% profit after that, targets are still valid.
Trade closed: target reached:
1st TP with +15.78%
Trade closed: target reached:
TP2 hit with +31.57% 💥
