$ATM/BTC 12h (Binance Spot) Descending channel breakout

Atlético de Madrid is looking very bullish here after finally breaking the local downtrend.

Current Price= 0.0002999
Buy Entry= 0.0002917 - 0.0002597
Take Profit= 0.0003732 | 0.0004968 | 0.0006199
Stop Loss= 0.0001974

Risk/Reward= 1:1.25 | 1:2.82 | 1:4.4
Expected Profit= +35.36% | +80.20% | +124.85%
Possible Loss= -28.40%

Fib. Retracement= 0.236 | 0.382 | 0.5
Margin Leverage= 1x
Estimated Gain-time= 3 weeks

İşlem aktif:

First entry filled

Atlético de Madrid retested the channel and bounced confirming the break-out!

İşlem kapandı: hedefe ulaştı:

TP1 reached with +35.36% (1x) and +1.25R

Atlético de Madrid bounced perfectly on channel & 50MA retest then regained 200MA support!

Yorum:

TP2 missed by 0.0000028₿ with up to +78.45% (1x)

Atlético De Madrid pumped again almost hitting 2nd target, that was very near.
Now it just pulled back retesting 200MA, another bounce here would make sense!

İşlem kapandı: hedefe ulaştı:

TP2 reached with +80.20% (1x) and +2.82R

Atlético de Madrid took its time but finally went for 2nd target, last one is still in play!
Stop Loss updated to 1st entry (0.0002917) and let the profit run peacefully!