Long
$RSR/BTC 1D (Binance Spot) Descending channel near breakout
Reserve Rights bullish breakout incoming from symmetrical triangle and parallel channel...
Current Price= 0.00000116
Buy Entry= 0.00000116 - 0.00000106
Take Profit= 0.00000163 | 0.00000189 | 0.00000224
Stop Loss= 0.00000085
Risk/Reward= 1:2 | 1:3 | 1:4.35
Expected Profit= +28.57% | +57.14% | +76.79%
Possible Loss= -19.64%
Fib. Retracement= 0.5 | 0.618 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 1080h
Current Price= 0.00000116
Buy Entry= 0.00000116 - 0.00000106
Take Profit= 0.00000163 | 0.00000189 | 0.00000224
Stop Loss= 0.00000085
Risk/Reward= 1:2 | 1:3 | 1:4.35
Expected Profit= +28.57% | +57.14% | +76.79%
Possible Loss= -19.64%
Fib. Retracement= 0.5 | 0.618 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 1080h
Trade active
First entry filled and bouncedThat timing was so on point for Reserve, went up +19% already, wait for targets!
Note
Went down almost hitting SLLuckily, it wasn't triggered and it's back to entry zone so we are still on #Reserve.
I updated it down to 0.00000080 to avoid another possible stop hunt.
But chart is looking good again as you can see with that new symmetrical triangle formed!
Trade closed: target reached
TP1 reached with +46.85% (1x) and 1.68RFinally Reserve made it, very nice profit so far after that bullish breakout.
If you missed it try to catch next dip, this is likely to continue the up-trend!
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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.