$ADA/BTC 210m (Binance Futures) Falling wedge breakout

8 Mar 2021

Cardano is looking ready to continue upwards after that bullish pattern break-out.

Current Price= 0.00002162
Buy Entry= 0.00002162 - 0.00002100
Take Profit= 0.00002493 | 0.00002937 | 0.00003498
Stop Loss= 0.00001889

Risk/Reward= 1:1.5 | 1:3.33 | 1:5.65
Expected Profit= +16.99% | +37.82% | +64.15%
Possible Loss= -11.36%

Fib. Retracement= 0.382 | 0.786 | 1.272
Margin Leverage= 1x
Estimated Gain-time= 10 days

12 Mar 2021

İşlem aktif

All entries filled

Cardano did not go as expected and kept falling, original SL would have been hit.
But I decided to update it lower (0.00001769₿) because a bounce is still likely, now R/R is 1:1 for TP1!
If you are already out, better wait for clear reversal signs before entering again.