ATOM/USDT 12h (Binance Futures) Broken trendline retest
#Cosmos is retesting that trendline support, as long as it holds I believe we are good to go up!
Current Price= 5.118
Buy Entry= 5.300 - 5.000
Take Profit= 5.723 | 6.313 | 6.902
Stop Loss= 4.676
Risk/Reward= 1:1.5 | 1:2.91 | 1:4.31
Expected Profit= +12.33% | +23.91% | +35.47%
Possible Loss= -8.22%
Fib. Retracement= 0.382 | 0.5 | 0.618
Margin Leverage= 1x
Estimated Gain-time= 900h
Current Price= 5.118
Buy Entry= 5.300 - 5.000
Take Profit= 5.723 | 6.313 | 6.902
Stop Loss= 4.676
Risk/Reward= 1:1.5 | 1:2.91 | 1:4.31
Expected Profit= +12.33% | +23.91% | +35.47%
Possible Loss= -8.22%
Fib. Retracement= 0.382 | 0.5 | 0.618
Margin Leverage= 1x
Estimated Gain-time= 900h
But yesterday I updated it as it originally was, and now I just put it even lower because it's on parallel channel support.
I know this is risky but since it's a no leverage set-up and we are reaching a strong demand zone, I guess it could be worth it.
In fact I just added to my position by buying more, you can do the same if you want to, or close it now if you prefer not to take that risk!