$BTC/USDT 4h (Binance Futures) Falling broadening wedge breakout

Bitcoin has broken out bullish locally then got rejected on 100EMA.
Now it is pulling back and about to retest the wedge, let's catch next dip!

Current Price= 32734.74
Buy Entry = 31964.00 - 31176.00
Take Profit= 34498.00 | 35988.00 | 38235.00
Stop Loss= 29472.00

Risk/Reward= 1:1.4 | 1:2.11 | 1:3.18
Expected Profit= +27.81% | +41.97% | +63.33%
Possible Loss= -19.95%

Fib. Retracement= 0.5 | 0.618 | 0.786
Margin Leverage= 3x
Estimated Gain-time= 2 weeks

Zlecenie aktywne:

First entry filled

Bitcoin kept dipping as expected and reacted well on demand zone so far.

Transakcja zamknięta: osiągnięto wyznaczony cel:

TP1 reached with +27.81% (3x) and +1.4R

Bitcoin bounced back up as planned and regained 100EMA, that's a relief 🙌🏼

Komentarz:

Possible next move

Bitcoin could retest 100EMA before continuing bullish, we are not switching to bear here.

Transakcja zamknięta: osiągnięto wyznaczony cel:

TP2 reached with +41.97% (3x) and +2.11R

No pulling back, Bitcoin kept pushing up and brought us a very nice profit from local bottom! 💪🏼