EOS/BTC 12H (Binance) Falling wedge breakout & ready to fly

5 Mar 2020

EOS is looking ready to retrace after this clear breakout.
We can see how Price Action respected EMA20 (red one) in both uptrend and downtrend.
If we close above it, we are definitely bullish but I'm expecting a retest that's why I put a lower entry:

Buy Entry= 0.0004176 - 0.0004116
Take Profit= 0.0004394 | 0.0004748 | 0.0005000
Stop Loss= 0.0003897

Risk/Reward Ratio= 1:1 | 1:2.42 | 1:3.43
Expected Profit= 6.01% | 14.52% | 20.60%
Possible Loss= -6.01%

Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 1x | 3x | 5x

5 Mar 2020

İşlem aktif

Entry hit.

8 Mar 2020

Not

Perfect pullback and bounced from wedge resistance became support, keep holding!

9 Mar 2020

İşlem kapandı: durdurma seviyesi

SL hit with -6.01%, I will look for a better entry soon!