$ALGO/USDT 4h (Binance Futures) Symmetrical triangle breakout

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Algorand broke bullish and looks ready for continuation upwards!

Current Price= 1.1676
Sell Entry= 1.1506 - 1.1060
Take Profit= 1.3595 | 1.5559 | 1.8483
Stop Loss= 1.0127

Risk/Reward= 1:2 | 1:3.7 | 1:6.23
Expected Profit= +40.98% | +75.80% | +127.62%
Possible Loss= -20.50%

Fib. Retracement= 0.618 | 0.786 | 1
Margin Leverage= 2x
Estimated Gain-time= 2 weeks

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تم فتح الصفقة

All entries filled

Algorand is dipping more than expected, I moved SL down to 0.9737$ since it's approaching demand zone.

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أغلقت الصفقة: تم الوصول للهدف

TP1 reached with +40.98% (2x) and +1.5R

Algorand almost hunted original Stop Loss then went back up and finally hit first target!
+2 Rewards if you stuck to it but I guess it was worth moving, could retrace a bit now but it has much room to grow.

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ملاحظة

Remaining position closed at 2nd entry

PC bot sold on yesterday's dip, but I still think Algorand can push higher after that channel breakout.
So I opened it back MANUALLY, If you are up for it, set-up is still valid with same Stop and Targets!
You can use the original SL (1.0127$), or the updated one (0.9737$) as you prefer, it is also a good hold to me.

١٣ أبريل ٢٠٢١

أغلقت الصفقة: تم الوصول للهدف

TP2 reached with +75.80% (2x) and +3.7R

Algorand went for 2nd target if you were still in manually, last target looks quite reachable.