$ATOM/USDT 3h (Binance Futures) Rising wedge breakdown & retest

2021년 7월 9일

Cosmos broke bearish locally and is likely to make new lows revisiting broken descending TL.

Current Price= 12.607
Sell Entry = 12.560 - 12.990
Take Profit= 11.668 | 10.406 | 9.593
Stop Loss= 13.785

Risk/Reward= 1:1.1 | 1:2.35 | 1:3.15
Expected Profit= +17.34% | +37.08% | +49.82%
Possible Loss= -15.82%

Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 2x
Estimated Gain-time= 10 days

2021년 7월 9일

액티브 트레이드

All entries filled

Cosmos is retesting the broken wedge, let's see if gets rejected here.

2021년 7월 9일

노트

No rejection so far

Cosmos entered back the wedge but still facing supply zone so we updated SL slightly above 14$.

2021년 7월 19일

거래청산: 스탑 닿음

SL hit with -19.36% (2x) and -1.22R

Cosmos did not care about the wedge and kept pushing higher, maybe next time.

2021년 7월 19일

거래청산: 타겟 닿음

TP2 would have been reached with up to +44.18% (2x)

Too sad we got Stopped hunted on Cosmos, seems like the rising wedge played out with some delay.
If you were still in manually or if you dared to re-enter, then we recommend you to take profit here!