Algorand had to pullback a bit after that big falling wedge breakout.
Let's see if it can breakout this small one also :
Buy Entry= 0.00004218 - 0.00004166
Take Profit= 0.00004390 | 0.00004513 | 0.00004600
Stop Loss= 0.00003994
Risk/Reward Ratio= 1:1 | 1:1.62 | 1:2.06
Expected Profit= 4.72% | 7.66% | 9.73%
Possible Loss= -4.72%
Fib. Retracement= 0.382 | 0.618 | 0.786
Let's see if it can breakout this small one also :
Buy Entry= 0.00004218 - 0.00004166
Take Profit= 0.00004390 | 0.00004513 | 0.00004600
Stop Loss= 0.00003994
Risk/Reward Ratio= 1:1 | 1:1.62 | 1:2.06
Expected Profit= 4.72% | 7.66% | 9.73%
Possible Loss= -4.72%
Fib. Retracement= 0.382 | 0.618 | 0.786
Trade active
Trade active
Price Action broke-out and pulled-back already, fill your bag!Trade closed: stop reached
That falling wedge was invalidated: -4.72%But a bigger one is forming, will update with new set-up soon.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.