Long
$XVG/BTC 3D (Binance Spot) Big falling wedge breakout
Verge seems ready to resume the up-trend on High Time Frame (HTF).
Current Price= 0.00000052
Buy Entry= 0.00000050 - 0.00000046
Take Profit= 0.00000063 | 0.00000086 | 0.00000125
Stop Loss= 0.00000035
Risk/Reward= 1:1.15 | 1:2.92 | 1:5.92
Expected Profit= +31.25% | +79.17% | +160.42%
Possible Loss= -27.08%
Fib. Retracement= 0.5 | 0.786 | 1.272
Margin Leverage= 1x
Estimated Gain-time= 3600h
Current Price= 0.00000052
Buy Entry= 0.00000050 - 0.00000046
Take Profit= 0.00000063 | 0.00000086 | 0.00000125
Stop Loss= 0.00000035
Risk/Reward= 1:1.15 | 1:2.92 | 1:5.92
Expected Profit= +31.25% | +79.17% | +160.42%
Possible Loss= -27.08%
Fib. Retracement= 0.5 | 0.786 | 1.272
Margin Leverage= 1x
Estimated Gain-time= 3600h
Trade closed: stop reached
SL hit with -12.50% (1x) and -0.47RVerge broke down the ascending Trend-Line (TL) and is likely to retrace down further short-term.
That is why I decided to adjust Stop Loss to current price, we'll try to catch it another time!
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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.