$MC/BTC 2h (Binance Spot) Ascending triangle breakout & retest
Updated
Merit Circle regained 200MA and successfully pulled back to 50MA after, printing a golden cross!
Current Price= 0.0001191
Buy Entry= 0.0001161 - 0.0001113
Take Profit= 0.0001294 | 0.0001419 | 0.0001632
Stop Loss= 0.0001032
Risk/Reward= 1:1.5 | 1:2.69 | 1:4.71
Expected Profit= +13.81% | +24.80% | +43.54%
Possible Loss= -9.23%
Fib. Retracement= 0.786 | 1.272 | 2
Margin Leverage= 1x | 2x
Estimated Gain-time= 10 jours
Current Price= 0.0001191
Buy Entry= 0.0001161 - 0.0001113
Take Profit= 0.0001294 | 0.0001419 | 0.0001632
Stop Loss= 0.0001032
Risk/Reward= 1:1.5 | 1:2.69 | 1:4.71
Expected Profit= +13.81% | +24.80% | +43.54%
Possible Loss= -9.23%
Fib. Retracement= 0.786 | 1.272 | 2
Margin Leverage= 1x | 2x
Estimated Gain-time= 10 jours
Trade active
All entries filledMeritCircle kept going up at first almost reaching all targets, with up to +34.85%
Then went down revisiting neckline support, we guess another run is coming!
Let's update TP2 a bit higher (0.0001459₿) and SL slightly lower (0.0000980₿), with R/R= 1:1 for TP1
Note
Back to BE (Break-Even)Merit Circle bounced then regained 200MA & 50MA, bullish scenario remains valid, just taking a bit longer!
Trade closed: stop reached
SL hit with -13.81% and -1RMeritCircle was not able to keep up and dipped more, we'll keep an eye on that broadening wedge.
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