$SFP/BTC 3h (Binance Spot) Falling wedge breakout

2 mar 2021

SafePal is looking bullish again after such a downtrend on LTF (Low Time Frame).

Current Price= 0.00004065
Buy Entry= 0.00003906 - 0.00003676
Take Profit= 0.00004443 | 0.00005270 | 0.00006748
Stop Loss= 0.00003139

Risk/Reward= 1:1 | 1:2.27 | 1:4.54
Expected Profit= +17.20% | +39.01% | +78.00%
Possible Loss= -17.20%

Fib. Retracement= 0.236 | 0.382 | 0.618
Margin Leverage= 1x
Estimated Gain-time= 10 days

2 mar 2021

Nota

TP1 would have been reached with +17.20% (1x) and 1R

Unluckily, SafePal missed entry by 0.00000048, quite close as well.
There is still some chance to get filled on a pull-back so I'll be patient!

4 mar 2021

Trade attivo

All entries filled

SafePal finally came down to our entry zone, let's be even more patient now until it bounces again!

12 mar 2021

Trade chiuso: stop raggiunto

SL hit with -17.20% (1x) and -1R

Unfortunately, SafePal lost bullish momentum and did not manage to stay above 50MA.
More downtrend is likely short-term, but mid-term is still promising so we'll try to catch it back later!