$ALICE/USDT 12h (Binance Futures) Descending trendline breakout
MyNeighborAlice broke-out bullish then pulled back progressively forming a falling wedge pattern.
We are still expecting some more retracement down retesting the TL and 50MA before next leg-up!
Current Price= 13.291
Buy Entry = 12.433 - 11.629
Take Profit= 15.168 | 17.629 | 22.774
Stop Loss= 9.517
Risk/Reward= 1:1.25 | 1:2.23 | 1:4.27
Expected Profit= +26.07% | +46.53% | +89.29%
Possible Loss= -20.90%
Fib. Retracement= 0.5 | 0.786 | 1.272
Margin Leverage= 1x
Estimated Gain-time= 1 month
We are still expecting some more retracement down retesting the TL and 50MA before next leg-up!
Current Price= 13.291
Buy Entry = 12.433 - 11.629
Take Profit= 15.168 | 17.629 | 22.774
Stop Loss= 9.517
Risk/Reward= 1:1.25 | 1:2.23 | 1:4.27
Expected Profit= +26.07% | +46.53% | +89.29%
Possible Loss= -20.90%
Fib. Retracement= 0.5 | 0.786 | 1.272
Margin Leverage= 1x
Estimated Gain-time= 1 month
Trade active
All entries filledMyNeighborAlice dipped very hard but seems to have bounced on time 🤞🏼
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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.