Long
$BAR/BTC 4h (Binance Spot) Falling wedge breakout & retest
FC Barcelona Fan Token just broke-out bullish and looks good for a big leg-up after retesting 50MA.
Current Price= 0.0004083
Buy Entry= 0.0004088 - 0.0003936
Take Profit= 0.0004583 | 0.0005324 | 0.0005910
Stop Loss= 0.0003631
Risk/Reward= 1:1.5 | 1:3.44 | 1:4.98
Expected Profit= +14.23% | +32.70% | +47.31%
Possible Loss= -9.50%
Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 3 weeks
Current Price= 0.0004083
Buy Entry= 0.0004088 - 0.0003936
Take Profit= 0.0004583 | 0.0005324 | 0.0005910
Stop Loss= 0.0003631
Risk/Reward= 1:1.5 | 1:3.44 | 1:4.98
Expected Profit= +14.23% | +32.70% | +47.31%
Possible Loss= -9.50%
Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 3 weeks
Trade closed: target reached
TP1 reached with +14.23% (1x) and +1.5RFC Barcelona precisely retested 50MA then instantly pumped to first target as planned!
Up-trend continuation is likely, SL moved to 2nd entry (0.0003936₿) to secure the trade.
Trade closed: target reached
TP2 would have been reached with +32.70% (1x) and +3.44RFC Barcelona regained 50MA and finally pumped for real, unluckily we got kicked out at 2nd entry and then original Stop got hunted.
Congratulations if you were still holding, if not or if you sold at 2nd target you may consider buying back with SL at 1st entry (0.0004088₿) or just holding for mid-term!
Note
Fan Tokens are definitely hyped with several exchanges such as CryptoCom, FTX, Huobi and OkEx listing them one by one! Binance will probably list more as well, but if you really want them all then Socios is the place for you where you could even participate in FTO (Fan Token Offering) private sales to purchase some before they go public, using
CHZ (Chiliz):socios.com/fan-tokens/
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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.
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.