$MKR/USDT 2h (#BinanceFutures) Falling broadening wedge breakout

12 Oca 2022

Maker DAO just regained 50MA support and is about to recover locally if market allows it.

makerdao.com

Current Price= 2089.5
Buy Entry= 2081.7 - 2032.9
Take Profit= 2240.9 | 2436.3 | 2684.0
Stop Loss= 1925.7

Risk/Reward= 1:1.4 | 1:2.88 | 1:4.76
Expected Profit= +26.76% | +55.26% | +91.38%
Possible Loss= -19.20%

Fib. Retracement= 0.5 | 0.786 | 1.117
Margin Leverage= 3x
Estimated Gain-time= 10 days


Contracts:
#ERC20 0x9f8f72aa9304c8b593d555f12ef6589cc3a579a2
#BEP20 0x5f0da599bb2cccfcf6fdfd7d81743b6020864350
#BEP2 MKR-F04
#AVAXC 0x88128fd4b259552A9A1D457f435a6527AAb72d42

18 Oca 2022

İşlem kapandı: hedefe ulaştı

TP1 was reached with +26.76% (3x) and +1.4R

MakerDAO bounced nicely on 50MA support then got rejected on 200MA resistance.
Now back to demand zone, we expect another move up but SL was updated to lowest entry (2032.9$)