ROUTE/USDT 1h (KuCoin) Falling wedge near breakout
Updated
routerprotocol.com looks bullish on Low TF and ready for short-term recovery!
Risk/Reward= 1:1.5 | 1:3 | 1:4.85
Expected Profit= +7.27% | +14.52% | +23.53%
Possible Loss= -4.85%
Fib. Retracement= 0.5 | 0.786 | 1.117
Margin Leverage= 1x
Estimated Gain-time= 1 week
Current Price:
3.2209
Entry Zone:
3.1812 - 3.1232
Take-Profit Targets:
1) 3.3813
2) 3.6099
3) 3.8938
Stop Targets:
1) 2.9994
Risk/Reward= 1:1.5 | 1:3 | 1:4.85
Expected Profit= +7.27% | +14.52% | +23.53%
Possible Loss= -4.85%
Fib. Retracement= 0.5 | 0.786 | 1.117
Margin Leverage= 1x
Estimated Gain-time= 1 week
Current Price:
3.2209
Entry Zone:
3.1812 - 3.1232
Take-Profit Targets:
1) 3.3813
2) 3.6099
3) 3.8938
Stop Targets:
1) 2.9994
Trade closed: stop reached
SL was hit with -4.85% (1x) and -1RRoute Protocol dipped a bit more than planned, stopping us out before the bounce.
TP2 would have been reached with +14.52% after all, congrats if you held!
Now forming another smaller wedge but facing 100EMA resistance, let's see how that ends...
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