Axie Infinity Shard looks good for bullish continuation inside the parallel channel after that reaction on 100EMA.
Current Price= 78.030
Buy Entry = 77.835 - 74.549
Take Profit= 85.936 | 94.426 | 104.592
Stop Loss= 68.948
Risk/Reward= 1:1.35 | 1:2.52 | 1:3.92
Expected Profit= +25.58% | +47.86% | +74.54%
Possible Loss= -19.02%
Fib. Retracement= 0.618 | 1 | 1.414
Margin Leverage= 2x
Estimated Gain-time= 3 weeks
Current Price= 78.030
Buy Entry = 77.835 - 74.549
Take Profit= 85.936 | 94.426 | 104.592
Stop Loss= 68.948
Risk/Reward= 1:1.35 | 1:2.52 | 1:3.92
Expected Profit= +25.58% | +47.86% | +74.54%
Possible Loss= -19.02%
Fib. Retracement= 0.618 | 1 | 1.414
Margin Leverage= 2x
Estimated Gain-time= 3 weeks
Trade active
First entry filledAxie Infinity Shard already bounced back +12.20% (2x) since called, that's a good start.
Trade active
Second entry filledAxie Infinity Shard dipped more revisiting 100EMA, still respecting the plan so far, waiting for bulls to step back in!
Trade closed: stop reached
SL hit with -19.02% (2x) and -1RAxie Infinity Shard lost support and dived a lot, at least we took the loss early!
If you are still in, now would be the time to close until a new bullish formation is created.
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Related publications
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.