TradingOn

$ADA/USDT 3h (Binance Futures) Descending triangle breakout

Long
TradingOn Updated   
BINANCE:ADAUSDT.P   Cardano / TetherUS PERPETUAL CONTRACT
Let's try to catch next dip for Cardano this time with the PC bot!

Current Price= 1.10088
Buy Entry= 1.08035 - 1.05005
Take Profit= 1.17940 | 1.26952 | 1.40931
Stop Loss= 0.97797

Risk/Reward= 1:1.3 | 1:2.32 | 1:3.92
Expected Profit= +21.34% | +38.26% | +64.48%
Possible Loss= -16.46%

Fib. Retracement= 1 | 1.414 | 2
Margin Leverage= 2x
Estimated Gain-time= 10 days
Trade active:
First entry filled

Cardano dipped almost instantly, but that was too fast for the bot to enter, I hope we'll get another chance!
By the way, if you are a TOHP member you may stop follow the swing call (waiting for very lower entry) to enter that scalp if you are using 1 only account.

Trade closed: target reached:
TP1 reached with up to 32.00% (2x) and 1.3R

Unfortunately as I said earlier the bot missed the entry (twice actually) but I hope you guys entered manually anyway!
Maybe we'll get in on a last pull back or a lucky wick down for Cardano.

Trade closed: target reached:
TP3 reached with +64.48% (2x) and 3.92R

All targets reached for Cardano during the weekend with big profit while market was dumping.
Let's keep an eye on that entry zone in case it dips down there again, but 1.15$ support looks strong so far.

Trade active:
▶️$ADA/USDT 4h: Trade active, first entry filled

And #Cardano dipped back as expected, patience paying.
I just updated the buy range up to 1.09035 to be sure to get in this time!

Trade active:
▶️$ADA/USDT 2h: Second entry filled

#Cardano dipped more than expected, but what if it's just a small delay?

Comment:
🔼$ADA/USDT 3h: So far so good

#Cardano bounced nicely as predicted, let's hope support keeps holding!

Trade closed: target reached:
🎯$ADA/USDT 3h: TP1 reached with +21.34% (2x) and 1.3R

#Cardano made it and broke bullish again, I hope I helped you not to sell the local bottom! 🙃

Comment:
🔼$ADA/USDT 3h: Got rejected on 50MA

#Cardano cooled off a bit but is back on ascending trendline support, another bounce is likely here.

Trade closed: target reached:
🎯$ADA/USDT 3h: TP2 reached with +38.26% (2x) and +2.32R

After almost hitting Stop Loss, #Cardano bounced back up to second target!

Trade closed: target reached:
🎯$ADA/USDT 3h: TP3 reached with +64.48% (2x) and +3.92R

#Cardano went for last target, amazing to see how that analysis worked perfectly twice in a row!


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