$REEF/USDT 1h (Binance Futures) Ascending triangle & TL breakout

Mar 9, 2021

Reef.finance is hyped and looks ready for bullish continuation after that break-out and retest!

Current Price= 0.038214
Buy Entry= 0.038350 - 0.037930
Take Profit= 0.039613 | 0.041847 | 0.045945
Stop Loss= 0.037147

Risk/Reward= 1:1.5 | 1:3.74 | 1:7.88
Expected Profit= +23.34% | +58.38% | +122.82%
Possible Loss= -15.60%

Fib. Retracement= 0.5 | 0.786 | 1.272
Margin Leverage= 6x
Estimated Gain-time= 1 week

Mar 9, 2021

Trade active

All entries filled

Reef Finance dipped to 100EMA and is bouncing back, so far so good! 🤞🏼

Mar 9, 2021

Trade closed: stop reached

SL hit with -15.60% (6x) and -1R

Well, seems like 100EMA and TLs (Trend-Lines) couldn't hold after all and went down for triangle support retest.
It was a risky scalp for sure, but still looking good on Higher TF (Time-Frame) so I may swing ReefFinance later!