$SFP/USDT 2D (BinanceFutures)Symmetrical triangle break & retest
SafePal has retraced down towards 200MA daily, we expect a bounce back on big demand zone!
Current Price= 1.4763
Buy Entry= 1.4767 - 1.3167
Take Profit= 2.0123 | 2.7782 | 3.8615
Stop Loss= 1.0882
Risk/Reward= 1:2 | 1:4.48 | 1:7.99
Expected Profit= +44.08% | +98.91% | +176.47%
Possible Loss= -22.09%
Fib. Retracement= 0.5 | 0.883 | 1.272
Margin Leverage= 1x
Estimated Gain-time= 4 months
Website: safepal.io/
Current Price= 1.4763
Buy Entry= 1.4767 - 1.3167
Take Profit= 2.0123 | 2.7782 | 3.8615
Stop Loss= 1.0882
Risk/Reward= 1:2 | 1:4.48 | 1:7.99
Expected Profit= +44.08% | +98.91% | +176.47%
Possible Loss= -22.09%
Fib. Retracement= 0.5 | 0.883 | 1.272
Margin Leverage= 1x
Estimated Gain-time= 4 months
Website: safepal.io/
Trade active
First entry filledSafePal bounced as expected bringing up to +25.22% so far, nice start!
Trade closed: stop reached
SL was hit with -22.09% (1x) and -1RSafePal lost 200MA Daily support last week and suddenly dropped forming a falling wedge, we'll keep an eye on it.
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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.