$ADA/USDT 4h (Binance Futures) Rising wedge breakdown

Cardano did a nasty bearish move and is probably going for a deeper retracement, let's try to enter on a retest.

Current Price= 2.5853
Sell Entry = 2.7256 - 2.8366
Take Profit= 2.0803
Stop Loss= 3.0150

Risk/Reward= 1:3
Expected Profit= +50.40%
Possible Loss= -16.82%

Fib. Retracement= 0.786
Margin Leverage= 2x
Estimated Gain-time= 2 weeks

Trade chiuso: obiettivo raggiunto:

TP would have been reached with up to +58.80% (2x)

Cardano was no exception and instantly puked, entry was missed but nice profit if you jumped in.
Waiting for a true retest of the wedge or 100EMA now to short with the PC bot!