$ALGO/USDT 4h (Binance Futures) Symmetrical triangle breakout

Algorand broke bullish and looks ready for continuation upwards!
Current Price= 1.1676
Sell Entry= 1.1506 - 1.1060
Take Profit= 1.3595 | 1.5559 | 1.8483
Stop Loss= 1.0127
Risk/Reward= 1:2 | 1:3.7 | 1:6.23
Expected Profit= +40.98% | +75.80% | +127.62%
Possible Loss= -20.50%
Fib. Retracement= 0.618 | 0.786 | 1
Margin Leverage= 2x
Estimated Gain-time= 2 weeks
Current Price= 1.1676
Sell Entry= 1.1506 - 1.1060
Take Profit= 1.3595 | 1.5559 | 1.8483
Stop Loss= 1.0127
Risk/Reward= 1:2 | 1:3.7 | 1:6.23
Expected Profit= +40.98% | +75.80% | +127.62%
Possible Loss= -20.50%
Fib. Retracement= 0.618 | 0.786 | 1
Margin Leverage= 2x
Estimated Gain-time= 2 weeks
Note
Remaining position closed at 2nd entryPC bot sold on yesterday's dip, but I still think Algorand can push higher after that channel breakout.
So I opened it back MANUALLY, If you are up for it, set-up is still valid with same Stop and Targets!
You can use the original SL (1.0127$), or the updated one (0.9737$) as you prefer, it is also a good hold to me.
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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.