$WAVES/USDT 1h (#BinanceFutures) Falling wedge breakout

Waves Protocol is downtrending for a while but seems to finally be showing some reversal signs!

Current Price= 15.824
Buy Entry = 15.876 - 15.353
Take Profit= 17.166 | 18.318 | 19.537
Stop Loss= 14.259

Risk/Reward= 1:1.15 | 1:2 | 1:2.9
Expected Profit= +19.88% | +34.64% | +50.24%
Possible Loss= -17.36%

Fib. Retracement= 0.382 | 0.441 | 0.702
Margin Leverage= 2x
Estimated Gain-time= 1 week

Tags: #WAVES #WAVESUSDT #WavesTech #Web3 #LPoS #Staking #SC #DEx #WavesExchange #WX

Websites: waves.tech wavesassociation.org waves.exchange

Contract:
#Mainnet

Trade active:

2/3 entries filled

Waves Protocol dipped to demand zone then bounced back almost hitting 1st target!

Trade closed: stop reached:

SL was hit with -17.36% (2x) and -1R

WavesProtocol could not stay above support and resumed the correction after all.