$AAVE/USDT 4h (Binance Futures) Ascending triangle near breakout

Aave just regained 200MA support and looks ready for a big impulse, let's place some bids on a retest.
More information about that DAO / DeFi / BSC token, also part of Polygon & Cosmos Ecosystem on aave.com/

Current Price= 311.57
Buy Entry = 306.58 - 295.24
Take Profit= 331.72 | 364.33 | 396.27
Stop Loss= 276.17

Risk/Reward= 1:1.25 | 1:2.56 | 1:3.85
Expected Profit= +20.48% | +42.16% | +63.38%
Possible Loss= -16.44%

Fib. Retracement= 0.5 | 0.702 | 0.883
Margin Leverage= 2x
Estimated Gain-time= 2 weeks

Yorum:

TP1 would have been reached

Aave kept going up, unfortunately entry was not filled, maybe on a wick down later.

İşlem aktif:

First entry filled

Aave finally pulling back enough to let us in!

İşlem kapandı: hedefe ulaştı:

TP1 reached with +20.48% and +1.25R

Aave properly revisited 200MA support before taking off, bullish continuation is in play!
Triangle is clearly broken now, SL edited to 2nd entry (295.24$) in any case.

İşlem kapandı: hedefe ulaştı:

TP3 reached with +63.38% (2x) and +3.85R

Aave did not care about Bitcoin correction and pumped hard, all targets achieved!