ROUTE/USDT 1h (KuCoin) Falling wedge near breakout

22 Eyl 2021

routerprotocol.com looks bullish on Low TF and ready for short-term recovery!

Risk/Reward= 1:1.5 | 1:3 | 1:4.85
Expected Profit= +7.27% | +14.52% | +23.53%
Possible Loss= -4.85%

Fib. Retracement= 0.5 | 0.786 | 1.117
Margin Leverage= 1x
Estimated Gain-time= 1 week

Current Price:
3.2209

Entry Zone:
3.1812 - 3.1232

Take-Profit Targets:
1) 3.3813
2) 3.6099
3) 3.8938

Stop Targets:
1) 2.9994

6 Eki 2021

İşlem kapandı: durdurma seviyesi

SL was hit with -4.85% (1x) and -1R

Route Protocol dipped a bit more than planned, stopping us out before the bounce.
TP2 would have been reached with +14.52% after all, congrats if you held!
Now forming another smaller wedge but facing 100EMA resistance, let's see how that ends...