AAVE/USDT 4h (Binance Futures) Rising wedge breakdown
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Aave seems to have broken down that rising wedge and could retrace down further!
Since it's under 50MA and volume is decreasing, it looks like a good timing.
That could be risky but since I am over exposed long it is wise to hedge...
Current Price= 65.715
Buy Entry= 65.700 - 70.500
Take Profit= 53.201 | 46.378 | 40.432
Stop Loss= 78.060
Risk/Reward= 1:1.5 | 1:2.18 | 12.78
Expected Profit= +21.88% | +31.90% | +40.63%
Possible Loss= -14.63%
Fib. Retracement= 0.382 | 0.5 | 0.618
Margin Leverage= 1x
Estimated Gain-time= 240h
Since it's under 50MA and volume is decreasing, it looks like a good timing.
That could be risky but since I am over exposed long it is wise to hedge...
Current Price= 65.715
Buy Entry= 65.700 - 70.500
Take Profit= 53.201 | 46.378 | 40.432
Stop Loss= 78.060
Risk/Reward= 1:1.5 | 1:2.18 | 12.78
Expected Profit= +21.88% | +31.90% | +40.63%
Possible Loss= -14.63%
Fib. Retracement= 0.382 | 0.5 | 0.618
Margin Leverage= 1x
Estimated Gain-time= 240h
Trade chiuso: obiettivo raggiunto
TP1 reached with +20.40% (1x)It was a wise set-up indeed for Aave, second target was missed by 0.965$ then bounced back, SL at BE now.
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