Long
$ATM/BTC 12h (Binance Spot) Descending channel breakout
Atlético de Madrid is looking very bullish here after finally breaking the local downtrend.
Current Price= 0.0002999
Buy Entry= 0.0002917 - 0.0002597
Take Profit= 0.0003732 | 0.0004968 | 0.0006199
Stop Loss= 0.0001974
Risk/Reward= 1:1.25 | 1:2.82 | 1:4.4
Expected Profit= +35.36% | +80.20% | +124.85%
Possible Loss= -28.40%
Fib. Retracement= 0.236 | 0.382 | 0.5
Margin Leverage= 1x
Estimated Gain-time= 3 weeks
Current Price= 0.0002999
Buy Entry= 0.0002917 - 0.0002597
Take Profit= 0.0003732 | 0.0004968 | 0.0006199
Stop Loss= 0.0001974
Risk/Reward= 1:1.25 | 1:2.82 | 1:4.4
Expected Profit= +35.36% | +80.20% | +124.85%
Possible Loss= -28.40%
Fib. Retracement= 0.236 | 0.382 | 0.5
Margin Leverage= 1x
Estimated Gain-time= 3 weeks
Trade active
First entry filledAtlético de Madrid retested the channel and bounced confirming the break-out!
Trade closed: target reached
TP1 reached with +35.36% (1x) and +1.25RAtlético de Madrid bounced perfectly on channel & 50MA retest then regained 200MA support!
Note
TP2 missed by 0.0000028₿ with up to +78.45% (1x)Atlético De Madrid pumped again almost hitting 2nd target, that was very near.
Now it just pulled back retesting 200MA, another bounce here would make sense!
Trade closed: target reached
TP2 reached with +80.20% (1x) and +2.82RAtlético de Madrid took its time but finally went for 2nd target, last one is still in play!
Stop Loss updated to 1st entry (0.0002917) and let the profit run peacefully!
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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.