NEO/BTC 8H (Binance) Big fat ascending triangle in formation
NEO is at triangle support and seems like it's done with correction from last high.
Let's long this retracement, targets are in safe zone for short/mid term, but long term looks good also and can grow way higher.
In fact, in case the patter would be broken, hold some for big ROE!
Entry= 0.001264 - 0.001238
Take Profit= 0.001375 | 0.001473 - 0.001542
Stop Loss= 0.001127
Risk/Reward Ratio= 1:1 | 1:1.79 | 1:2.35
Expected Profit= 9.91% | 17.75% | 23.26%
Possible Loss= -9.91%
Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 1x | 3x | 5x
Let's long this retracement, targets are in safe zone for short/mid term, but long term looks good also and can grow way higher.
In fact, in case the patter would be broken, hold some for big ROE!
Entry= 0.001264 - 0.001238
Take Profit= 0.001375 | 0.001473 - 0.001542
Stop Loss= 0.001127
Risk/Reward Ratio= 1:1 | 1:1.79 | 1:2.35
Expected Profit= 9.91% | 17.75% | 23.26%
Possible Loss= -9.91%
Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 1x | 3x | 5x
Trade fermée: cible de profit atteinte:
TP1 hit with +9.91%, take some profit and hold for other targets!
Commentaire:
Right now it's fluctuating between Fibs 0.236 & 0.382 but if goes down to entry fill back your bag.
Transaction en cours:
Best entry at 0.001238 filled!
Commentaire:
Also a double bottom is forming, but not bouncing yet.
