$TOMO/BTC 1D (#BinanceSpot) Falling wedge breakout and retest

TomoChain got rejected on 200MA resistance and is now pulling back to 50MA support, good place to bounce.

Current Price= 0.00002910
Buy Entry= 0.00002911 - 0.00002709
Take Profit= 0.00003589 | 0.00004282 | 0.00004946
Stop Loss= 0.00002232

Risk/Reward= 1:1.35 | 1:2.55 | 1:3.7
Expected Profit= +27.72% | +52.38% | +76.01%
Possible Loss= -20.57%

Fib. Retracement= 0.382 | 0.559 | 0.702
Margin Leverage= 1x
Estimated Gain-time= 3 months

Tags: #TOMO #TOMOBTC #PoS #Staking #DApp #DeFi #BC #EVM #TomoZ #TomoP #Privacy #TomoX #DEx

Website: tomochain.com/

Contracts:
#Mainnet
#ERC20 0x05d3606d5c81eb9b7b18530995ec9b29da05faba
#BEP2 TOMOB-4BC

交易开始:

All entries filled

TomoChain is pulling back deeper than planned but still no LL, let's be patient enough!

评论:

Up to +21.00% from average entry

TomoChain bounced back and regained 50MA (grey) then 100EMA (orange), road to 1st target it seems!

交易结束：到达目标:

TP1 was reached with +27.72% and +1.35R

TomoChain pushed up then got rejected on 200MA resistance again, pulling back to 50MA now.
Higher targets remain valid, SL adjusted to lowest entry (0.00002709) in any case.

交易手动结束:

Remaining position was closed with -3.59% and -0.18R

TomoChain did not bounce on 50MA and went down printing a new ATL, not what we expected...
That said, wedge support has been holding and we'll likely see a recovery as soon as it breaks out again!