FUELBTC - Potential 20-40% Profit

BINANCE:FUELBTC   Etherparty / Bitcoin
244 0
FUEL seems to be moving in an ascending triangle towards the upper right point, as well as towards general upper resistance. If FUEL can break out of triangle and through resistance, there is a potential for 20-40% profit.

I must stress:

- Wait for breakout to confirm entry, do not enter earlier.
- This is just an idea.

Will post targets in next comment.

Happy Hunting.
評論: Once Breakout is Confirmed:

1. 1192 sats
2. 1397 sats

As always, use SL for protection on every trade.
With take profit / sell orders, set them BELOW targets, before resistance is able to reject candles.
評論: Still respecting ascending triangle, which is good. Hopefully we see some bullish movements soon.

Not yet ready for entry - Need a breakout first.
評論: Price bounced off strong resistance. Although a small breakout of triangle, I would wait until we pass through this level. There is multiple touches at this level, suggesting we should wait for a full breakout before committing to a position.

評論: Apologies for the delay in updates - have been out of reception. It seems that FUEL travelled above the resistance level only briefly before falling below it again. At this stage, the trade still looks uncertain.

If you did enter above the support level, just make sure you have a tight SL as always.
評論: TEAM! Trade looking more certain on this latest candle!
Keep an eye on it and wait for the close before entering trade incase of "fakeout".
We have about 2 hours until we close.
交易進行: We have broken through resistance levels and closed above. Trade is now active. Be very careful with this one and use tight SL at all times, depending on your own R:R Ratio.
評論: There is known resistance around 1100 sats, which FUEL is testing at the moment. Trade still active - keep SL tight.
交易結束:達到停損點: If you moved your SL up nice and tight, your sell order would now be executed.

We are sitting on 2 key support levels. Support around 983 and also 61.8% Fibs.

If this holds, we may have another entry.

I'm out of this one for the moment unless the above occurs.

Thanks for following - Happy Hunting.

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