TradingOn

$GTO/BTC 4h (Binance Spot) Symmetrical triangle on support

Long
TradingOn Updated   
BINANCE:GTOBTC   None
Gifto seems to be forming a bullish pennant, worth a try anticipating a break-out.

Current Price= 0.00000182
Buy Entry= 0.00000183 - 0.00000177
Take Profit= 0.00000219 | 0.00000240 | 0.00000267
Stop Loss= 0.00000154

Risk/Reward= 1:1.5 | 1:2.31 | 1:3.35
Expected Profit= +21.67% | +33.33% | +48.33%
Possible Loss= -14.44%

Fib. Retracement= 0.618 | 0.786 | 1
Margin Leverage= 1x
Estimated Gain-time= 10 days
Trade active:
All entries filled

Gifto did not manage to bounce on support, I updated the SL under 100EMA, down to 149 sats.

Trade closed: stop reached:
🛑SL hunted with -17.22% (1x) ad -1.19R

Quite a loss on Gifto the other day, I guess I should not have moved Stop Loss.
As you may have seen, it finally pumped today, I believe it's worth entering back here.


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