CHZ/BTC 12H (Binance) On TL support & inside falling wedge
Chiliz is almost back on the same trend-line it bounced from 2 months ago.
I'm expecting to catch it when it goes there, then to breakout that small wedge and rise for short/mid-term.
In higher time-frame we can see a huge pennant and if price action manages to close above middle line it will look very good for long-term.
Buy Entry= 0.00000093 - 0.00000089
Take Profit= 0.00000103 | 0.00000111 | 0.00000124
Stop Loss= 0.00000079
Risk/Reward= 1:1 | 1:1.67 | 1:2.75
Expected Profit= 13.19% | 21.98% | 36.26%
Possible Loss= -13.19%
Fib. Retracement= 0.236 | 0.382 | 0.618
I'm expecting to catch it when it goes there, then to breakout that small wedge and rise for short/mid-term.
In higher time-frame we can see a huge pennant and if price action manages to close above middle line it will look very good for long-term.
Buy Entry= 0.00000093 - 0.00000089
Take Profit= 0.00000103 | 0.00000111 | 0.00000124
Stop Loss= 0.00000079
Risk/Reward= 1:1 | 1:1.67 | 1:2.75
Expected Profit= 13.19% | 21.98% | 36.26%
Possible Loss= -13.19%
Fib. Retracement= 0.236 | 0.382 | 0.618
Nota
Went for first target before hitting entry but I'm still expecting a pullback to pennant support (blue one).Nota
Almost hit TP2 then went down, still expecting a stronger pullback to give us entry!Dagangan aktif
At last entry was hit at 93 sats, leave some more orders in the buy range in case of another low.Dagangan ditutup: sasaran tercapai
TP2 more than reached with +19.35% and TP3 almost hit for 1 sat, I hope you haven't missed it!Dagangan aktif
Went back down to support, all entries were filled this time and price bounced, hold for targets.Dagangan ditutup: sasaran tercapai
Totally forget to notify you here, but TP3 was hit with +36.26% on Apr 17th.So that was a total of 55.79% gain because set-up worked twice!
Right now it's pumping again at 110 sats so if you're still in, don't forget to take profit.
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