TA: Cosmos is facing mid-line channel support and just broke out a falling wedge on lower time-frame.
FA: ATOM is a staking coin with high APR (+8% at least) and fundamentals are quite positive (Cosmos Hub 2.0).
Current Price= 0.0002730
Buy Entry= 0.0002694 - 0.0002500
Take Profit= 0.0003198 | 0.0003598 | 0.0004245
Stop Loss= 0.0001996
Risk/Reward= 1:1 | 1:67 | 1:2.74
Expected Profit= 23.14% | 38.54% | 63.46%
Possible Loss= -23.14%
Fib. Retracement= 0.236 | 0.382 | 0.618
Margin Leverage= 1x | 3x | 5x
Estimated Gain-time= 1080h
FA: ATOM is a staking coin with high APR (+8% at least) and fundamentals are quite positive (Cosmos Hub 2.0).
Current Price= 0.0002730
Buy Entry= 0.0002694 - 0.0002500
Take Profit= 0.0003198 | 0.0003598 | 0.0004245
Stop Loss= 0.0001996
Risk/Reward= 1:1 | 1:67 | 1:2.74
Expected Profit= 23.14% | 38.54% | 63.46%
Possible Loss= -23.14%
Fib. Retracement= 0.236 | 0.382 | 0.618
Margin Leverage= 1x | 3x | 5x
Estimated Gain-time= 1080h
Trade closed: target reached
TP1 with +17.14% without leverage, or 85.70% using 5x in Margin. Patience is the key my friends! 🗝Trade closed: target reached
TP2 reached with +38.54% (192.70% using 5x)Descending channel finally broke-out, take some profit and hold the rest up to last target!
Trade closed: target reached
And that's a wrap, Cosmos made it to last target (TP3) with +63.46% (317.30% using 5x) from average entry.This could keep going, but I'm taking profit here as planned!
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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.