#TOMO/USDT 12h (#Bybit) Ascending trendline breakdown and retest

TomoChain seems likely to be rejected on TL resistance and head down towards 100MA support.

⚡️⚡️ #TOMO/USDT ⚡️⚡️
Exchanges: ByBit USDT
Signal Type: Regular (Short)
Leverage: Isolated (1.7X)
Amount: 5.1%

Current Price:
1.5155

Entry Targets:
1) 1.5995

Take-Profit Targets:
1) 1.0505

Stop Targets:
1) 1.9665

Published By: @TradingOn

TOMO #TOMOUSDT #TomoChain

Risk/Reward= 1:1.5
Expected Profit= +58.3%
Possible Loss= -39.0%

tomochain.com/

Trade active:

Entry filled

TOMO missed entry at first but managed to bounce back to it and now we are in.

Comment:

TOMO top was nailed nicely and after three black crows on the daily chart, it's very unlikely that this moves against us.
Let's secure this trade by adjusting SL to BE!

Edited By: @CryptoIncomeCoach

Comment:

TOMO just did a bearish retest of 100MA, could be enough to get us our target 🙏🏼

Trade closed manually:

ByBit USDT
#TOMO/USDT Stoploss ⛔️
Profit: -0.0% 📈

TOMO reversed 2 cents before hitting target and went all the way back up to entry.
Looks like a bearish retest of the Trend-Line so far but we got kicked out at Break-Even.

Trade closed: target reached:

TP'd have been hit with 1.5R

TOMO got rejected on TL resistance and got sold-off, bearish retest it was!

Comment:

TOMO went back to entry for a 3rd time in a row and got sold-off again, good thing we shorted it once more: