$DYDX/USDT 3h (#BinanceFutures)Falling broadening wedge breakout
Updated
dYdX Protocol regained 100EMA support and seems to be strong enough to keep going up, let's catch next dip!
dydx.community/ dydx.foundation/ dydx.exchange/
Current Price= 7.903
Buy Entry= 7.788 - 7.456
Take Profit= 8.533 | 9.435 | 10.725
Stop Loss= 6.919
Risk/Reward= 1:1.3 | 1:2.58 | 1:4.41
Expected Profit= +23.90% | +47.58% | +81.42%
Possible Loss= -18.44%
Fib. Retracement= 0.618 | 0.786 | 1
Margin Leverage= 2x
Estimated Gain-time= 3 weeks
Contracts:
#ERC20 0x92d6c1e31e14520e676a687f0a93788b716beff5
#SPL 4Hx6Bj56eGyw8EJrrheM6LBQAvVYRikYCWsALeTrwyRU
dydx.community/ dydx.foundation/ dydx.exchange/
Current Price= 7.903
Buy Entry= 7.788 - 7.456
Take Profit= 8.533 | 9.435 | 10.725
Stop Loss= 6.919
Risk/Reward= 1:1.3 | 1:2.58 | 1:4.41
Expected Profit= +23.90% | +47.58% | +81.42%
Possible Loss= -18.44%
Fib. Retracement= 0.618 | 0.786 | 1
Margin Leverage= 2x
Estimated Gain-time= 3 weeks
Contracts:
#ERC20 0x92d6c1e31e14520e676a687f0a93788b716beff5
#SPL 4Hx6Bj56eGyw8EJrrheM6LBQAvVYRikYCWsALeTrwyRU
Trade active
All entries filleddYdX Protocol dipped to wedge support where we expect a bounce back, let's be patient now.
Trade closed: stop reached
SL hit with -18.44% (2x) and -1RdYdX Protocol bounced on 100EMA several times but was not strong enough and ended up losing it.
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