$BEL/BTC 2D (Binance Spot) Big falling wedge breakout and retest

bella.fi looks bullish here after regaining 50MA support and preparing for a big move up mid-term!
Bella Protocol is not only DeFi but also part of Binance Smart Chain (BSC) and Polygon Ecosystem.

Current Price= 0.00004422
Buy Entry= 0.00004410 - 0.00004038
Take Profit= 0.00005391 | 0.00007094 | 0.00008419
Stop Loss= 0.00003469

Risk/Reward= 1:1.55 | 1:3.8 | 1:5.56
Expected Profit= +27.63% | +67.95% | +99.31%
Possible Loss= -17.87%

Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 4.5 months

Trade attivo:

All entries filled

Bella Protocol did not bounce where we expected and lost 50MA support.
Chart does not look too good but we'll stick to the plan here as we always should!

Trade chiuso: stop raggiunto:

SL hit with -17.87% (1x) and -1R

Bella Protocol could not keep up due to Bitcoin bullishness and stopped us out, maybe next time!

Trade chiuso: obiettivo raggiunto:

TP1 would have been reached with +27.36% in the end

Bella Protocol finally bounced back after a last wick down, congrats if you held or bought back.