$RUNE/USDT 3D(BinanceFutures)Symmetrical triangle break & retest
THOR Chain has pulled back to demand zone again, expecting 200MA to hold the trend, let's swing!
Current Price= 7.347
Buy Entry = 7.380 - 6.480
Take Profit= 10.169 | 15.257 | 23.046
Stop Loss= 5.074
Risk/Reward= 1:1.75 | 1:4.49 | 1:8.68
Expected Profit= +46.74% | +120.16% | +232.55%
Possible Loss= -26.78%
Fib. Retracement= 0.5 | 0.883 | 1.272
Margin Leverage= 1x
Estimated Gain-time= 5.5 months
Website: thorchain.org
Current Price= 7.347
Buy Entry = 7.380 - 6.480
Take Profit= 10.169 | 15.257 | 23.046
Stop Loss= 5.074
Risk/Reward= 1:1.75 | 1:4.49 | 1:8.68
Expected Profit= +46.74% | +120.16% | +232.55%
Possible Loss= -26.78%
Fib. Retracement= 0.5 | 0.883 | 1.272
Margin Leverage= 1x
Estimated Gain-time= 5.5 months
Website: thorchain.org
Trade active
All entries filledThorChain dipped as planned and is finally bouncing back, regaining 200MA support, road to 50MA now!
Note
Back to entryThorChain got rejected on 100MEA resistance last week but managed to bounce on triangle support again.
As soon as it breaks out of the falling wedge, we'll see a massive bull-run!
Trade closed: stop reached
SL hit with -26.78% (1x) and -1RThor Chain was not willing to make us happy and was rejected again, too sad.
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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.