AAVE/USDT 4h (Binance Futures) Rising wedge breakdown

25 Kas 2020

Aave seems to have broken down that rising wedge and could retrace down further!
Since it's under 50MA and volume is decreasing, it looks like a good timing.
That could be risky but since I am over exposed long it is wise to hedge...

Current Price= 65.715
Buy Entry= 65.700 - 70.500
Take Profit= 53.201 | 46.378 | 40.432
Stop Loss= 78.060

Risk/Reward= 1:1.5 | 1:2.18 | 12.78
Expected Profit= +21.88% | +31.90% | +40.63%
Possible Loss= -14.63%

Fib. Retracement= 0.382 | 0.5 | 0.618
Margin Leverage= 1x
Estimated Gain-time= 240h

1 Ara 2020

İşlem kapandı: hedefe ulaştı

TP1 reached with +20.40% (1x)

It was a wise set-up indeed for Aave, second target was missed by 0.965$ then bounced back, SL at BE now.