$XTZ/USDT 1h (Binance Futures) Falling wedge breakout
Tezos broke bullish locally and is retesting 50MA right now, probably for a bounce back.
It is likely to rise towards 200MA / upper-line channel, maybe even breaking out of it!
Current Price= 7.096
Buy Entry = 7.102 - 6.912
Take Profit= 7.492 | 8.094 | 8.552
Stop Loss= 6.602
Risk/Reward= 1:1.2 | 1:2.68 | 1:3.81
Expected Profit= +20.76% | +46.53% | +66.15%
Possible Loss= -17.34%
Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 3x
Estimated Gain-time= 1 week
It is likely to rise towards 200MA / upper-line channel, maybe even breaking out of it!
Current Price= 7.096
Buy Entry = 7.102 - 6.912
Take Profit= 7.492 | 8.094 | 8.552
Stop Loss= 6.602
Risk/Reward= 1:1.2 | 1:2.68 | 1:3.81
Expected Profit= +20.76% | +46.53% | +66.15%
Possible Loss= -17.34%
Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 3x
Estimated Gain-time= 1 week
