$DOT/USDT 1D (Binance Futures) Ascending channel on support

Polkadot has been consolidating for some weeks and is retesting demand zone right now.
50MA and 200MA are about to make a golden cross, this looks quite bullish for mid-term!

Current Price= 29.211
Buy Entry = 29.326 - 26.790
Take Profit= 35.665 | 42.994 | 51.954
Stop Loss= 22.971

Risk/Reward= 1:1.5 | 1:2.94 | 1:4.7
Expected Profit= +27.11% | +53.23% | +85.17%
Possible Loss= -18.13%

Fib. Retracement= 0.786 | 1.272 | 1.764
Margin Leverage= 1x
Estimated Gain-time= 2 months

Zlecenie aktywne:

All entries filled

Perfect dip catch on Polkadot while many were turning bearish, we were buying the fear!

Komentarz:

Back to Break-Even (BE)

After almost hitting first target, Polkadot retraced down to entry.
50MA support is lost but 100EMA is holding quite strong, we still expect a rally!

Transakcja zamknięta: osiągnięto wyznaczony cel:

TP1 reached with +27.11% (1x) and +1.5R

Polkadot finally made it to first target and will probably go for more, SL adjusted to 2nd entry (26.890$)!

Transakcja zamknięta: osiągnięto wyznaczony cel:

TP2 reached with +53.23% (1x) and +2.94R

And for more it went, Polkadot killing it and we surely did not miss out with that Free call!
Patience paying off, last target is in play, SL move up to 1st entry (29.226$) and let it go.