$ATOM/USDT 1D (Binance Futures) Rising wedge on resistance
Cosmos is facing strong supply zone and is likely to reverse after a last leg-up to 100EMA.
Maybe even a bull-trap retesting 200MA before getting rejected, so no leverage and much patience!
Current Price= 14.600
Sell Entry= 14.941 - 15.992
Take Profit= 13.360 | 11.100 | 9.080
Stop Loss= 17.391
Risk/Reward= 1:1.1 | 1:2.27 | 1:3.32
Expected Profit= +13.62% | +28.23% | +41.29%
Possible Loss= -12.44%
Fib. Retracement= 0.236 | 0.5 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 5 weeks
Maybe even a bull-trap retesting 200MA before getting rejected, so no leverage and much patience!
Current Price= 14.600
Sell Entry= 14.941 - 15.992
Take Profit= 13.360 | 11.100 | 9.080
Stop Loss= 17.391
Risk/Reward= 1:1.1 | 1:2.27 | 1:3.32
Expected Profit= +13.62% | +28.23% | +41.29%
Possible Loss= -12.44%
Fib. Retracement= 0.236 | 0.5 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 5 weeks
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