$ALGO/USDT 2h (Binance Futures) Parallel channel & TL breakout
Algorand broke-out the channel and trend-line resistance, so I expect it to continue upwards after a retest.
Current Price= 0.5247
Buy Entry= 0.5005 - 0.4795
Take Profit= 0.5346 | 0.5840 | 0.6426
Stop Loss= 0.4454
Risk/Reward= 1:1 | 1:2.11 | 1:3.42
Expected Profit= +9.10% | +19.18% | +31.14%
Possible Loss= -9.10%
Fib. Retracement= 1.618 | 2 | 2.414
Margin Leverage= 1x
Estimated Gain-time= 180h
Current Price= 0.5247
Buy Entry= 0.5005 - 0.4795
Take Profit= 0.5346 | 0.5840 | 0.6426
Stop Loss= 0.4454
Risk/Reward= 1:1 | 1:2.11 | 1:3.42
Expected Profit= +9.10% | +19.18% | +31.14%
Possible Loss= -9.10%
Fib. Retracement= 1.618 | 2 | 2.414
Margin Leverage= 1x
Estimated Gain-time= 180h
Trade active
First entry filled and bouncedAlgorand road to first target now, wait for it!
Related publications
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.
Related publications
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.