Algorand / Bitcoin
Long
Updated

ALGO/BTC 12h (Binance) Falling wedge breakout & pullback

149
Algorand has broken out this bullish pattern, breaking 100EMA would make it grow even more!
You could enter now in Spot or Margin, but here goes a safer set-up on a probable pullback:

Current Price= 0.00003268
Buy Entry= 0.00002956 - 0.00002710
Take Profit= 0.00003406 | 0.00003943 | 0.00004857
Stop Loss= 0.00002354

Risk/Reward= 1:1.2 | 1:2.32 | 1:4.23
Expected Profit= +20.23% | +39.18% | +71.44%
Possible Loss= -16.91%

Fib. Retracement= 0.232 | 0.382 | 0.618
Margin Leverage= 1x
Estimated Gain-time= 960h
Note
By the way, this was the original breakout set-up I made 2 days ago:
snapshot
Trade active
Entries hit and bounced

I warned you about that pullback and I'm glad I waited for it, patience is the key!

snapshot
Note
Last entry filled and trying to go up

I'm still positive about that set-up, I expect a move up soon, hold tight!

snapshot

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.