NEO/BTC 8H (Binance) Big fat ascending triangle in formation
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NEO is at triangle support and seems like it's done with correction from last high.
Let's long this retracement, targets are in safe zone for short/mid term, but long term looks good also and can grow way higher.
In fact, in case the patter would be broken, hold some for big ROE!
Entry= 0.001264 - 0.001238
Take Profit= 0.001375 | 0.001473 - 0.001542
Stop Loss= 0.001127
Risk/Reward Ratio= 1:1 | 1:1.79 | 1:2.35
Expected Profit= 9.91% | 17.75% | 23.26%
Possible Loss= -9.91%
Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 1x | 3x | 5x
Let's long this retracement, targets are in safe zone for short/mid term, but long term looks good also and can grow way higher.
In fact, in case the patter would be broken, hold some for big ROE!
Entry= 0.001264 - 0.001238
Take Profit= 0.001375 | 0.001473 - 0.001542
Stop Loss= 0.001127
Risk/Reward Ratio= 1:1 | 1:1.79 | 1:2.35
Expected Profit= 9.91% | 17.75% | 23.26%
Possible Loss= -9.91%
Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 1x | 3x | 5x
Trade chiuso: obiettivo raggiunto
TP1 hit with +9.91%, take some profit and hold for other targets!Nota
Right now it's fluctuating between Fibs 0.236 & 0.382 but if goes down to entry fill back your bag.Trade attivo
Best entry at 0.001238 filled!Nota
Also a double bottom is forming, but not bouncing yet.
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