$CAKE/BTC 1D (Binance Spot) Symmetrical triangle breakout

11 ביולי 2021

PanCakeSwap broke-out bullish, let's enter on 100EMA / descending Trend-Line retest.

Current Price= 0.0004450
Buy Entry= 0.0004228 - 0.0003888
Take Profit= 0.0005084 | 0.0005709 | 0.0006713
Stop Loss= 0.0003234

Risk/Reward= 1:1.25 | 1:2 | 1:3.22
Expected Profit= +25.28% | +40.69% | +65.43%
Possible Loss= -20.31%

Fib. Retracement= 0.5 | 0.618 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 2 months

14 ביולי 2021

עסקה פעילה

First entry filled

PanCakeSwap dipped retesting 100EMA as planned and it bounced back up so far!

21 ביולי 2021

עסקה פעילה

Second entry filled

PanCakeSwap dipped a bit more than planned but bounced back on trendline support anyway!

3 באוג׳ 2021

הערה

Descending TL breakout, back in profit

PanCake Swap dipped again, but managed to bounce slightly lower, heading toward 1st target now.
200MA support held and now 50MA has just been regained right after it broke-out bullish! 📈

26 באוג׳ 2021

עסקה סגורה: היעד הושג

TP1 reached with +25.28% (1x) and +1.25R

PanCake Swap took its time but made the wait totally worth it after that strong up-trend!
Road to TP2 now with SL updated to 2nd entry 0.0003888 just in case.