EOS/BTC 12H (Binance) Falling wedge breakout & ready to fly
EOS is looking ready to retrace after this clear breakout.
We can see how Price Action respected EMA20 (red one) in both uptrend and downtrend.
If we close above it, we are definitely bullish but I'm expecting a retest that's why I put a lower entry:
Buy Entry= 0.0004176 - 0.0004116
Take Profit= 0.0004394 | 0.0004748 | 0.0005000
Stop Loss= 0.0003897
Risk/Reward Ratio= 1:1 | 1:2.42 | 1:3.43
Expected Profit= 6.01% | 14.52% | 20.60%
Possible Loss= -6.01%
Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 1x | 3x | 5x
We can see how Price Action respected EMA20 (red one) in both uptrend and downtrend.
If we close above it, we are definitely bullish but I'm expecting a retest that's why I put a lower entry:
Buy Entry= 0.0004176 - 0.0004116
Take Profit= 0.0004394 | 0.0004748 | 0.0005000
Stop Loss= 0.0003897
Risk/Reward Ratio= 1:1 | 1:2.42 | 1:3.43
Expected Profit= 6.01% | 14.52% | 20.60%
Possible Loss= -6.01%
Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 1x | 3x | 5x
交易進行:
Entry hit.
評論:
Perfect pullback and bounced from wedge resistance became support, keep holding!
交易結束：達到停損點:
SL hit with -6.01%, I will look for a better entry soon!
