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Jan 11, 2021 4:47 PM

$ALGO/USDT 12h (Binance Futures) Pullback to support Long

Algorand / TetherUS PERPETUAL CONTRACTBinance

Description

Algorand pulled back on broken resistance that acts as support now, time to swing!

Current Price= 0.3748
Buy Entry= 0.3790 - 0.3632
Take Profit= 0.4439 | 0.4916 | 0.5857
Stop Loss= 0.3323

Risk/Reward= 1:1.88 | 1:3.11 | 1:5.53
Expected Profit= +19.62% | +32.47% | +57.83%
Possible Loss= -10.46%

Fib. Retracement= 0.618 | 1 | 1.272
Margin Leverage= 1x
Estimated Gain-time= 600h

Trade active

Trade active, first entry filled and bounced

Nice dip catch for Algorand, road to first target already🤞🏼

Comments
ProjectSyndicate
interesting setup in ALGO. wish you all the best with this trade.
TradingOn
@ProjectSyndicate, thanks man, so far so good!
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