$TOMO/USDT 1h (Binance Futures) Bear-pennant near breakdown

TomoChain has formed a bearish pattern and looks ready for continuation downwards.

Current Price= 2.4228
Sell Entry = 2.4171 - 2.5185
Take Profit= 2.2620 | 2.0653 | 1.9360
Stop Loss= 2.6331

Risk/Reward= 1:1.25 | 1:2.43 | 1:3.22
Expected Profit= +25.02% | +48.93% | +64.65%
Possible Loss= -20.10%

Fib. Retracement= 0.786 | 1.272 | 1.618
Margin Leverage= 3x
Estimated Gain-time= 3 days

Trade chiuso: obiettivo raggiunto:

TP1 reached with +25.02% (3x) and +1.25R

TomoChain broke-down as expected, nice chart reading, SL updated to 2.5165$

Trade chiuso: obiettivo raggiunto:

TP2 reached with +48.93% (3x) and +2.43R

TomoChain regained 50MA but got rejected on 100EMA this time, nice to keep earning both ways!
SL moved to 1st entry (2.4191$), we expect it to recover mid-term so if you are a holder you can slowly start to buy back.

Trade chiuso: obiettivo raggiunto:

TP3 reached with +64.65% (3x) and +3.22R

TomoChain went for last target after all, congrats if you were still in!
Let's keep an eye on it because recovery will probably be quite strong.