$DOT/USDT 12h (Binance Futures) Rising wedge breakdown & retest

Polkadot lost 50MA support and is facing it as a resistance now, more retracement is likely.
That sharded multichain network, allows to create parachains and also works on BSC, more info polkadot.network/

Current Price= 47.026
Sell Entry = 47.186 - 49.728
Take Profit= 41.467 | 36.347 | 30.657
Stop Loss= 53.132

Risk/Reward= 1:1.5 | 1:2.59 | 1:3.81
Expected Profit= +28.86% | +49.98% | +73.46%
Possible Loss= -19.30%

Fib. Retracement= 0.382 | 0.559 | 0.786
Margin Leverage= 2x
Estimated Gain-time= 1 month

Contracts:
#BEP20 0x7083609fce4d1d8dc0c979aab8c869ea2c873402
#BEP2 DOT-64C
#HECO 0xa2c49cee16a5e5bdefde931107dc1fae9f7773e3

Trade stängt: målet nått:

TP1 reached with +28.86% (2x) and +1.5R

Polkadot is retracing down as planned after a strong rejection on wedge retest, heading towards 200MA support now!
2nd target was almost hit, probably next attempt, SL adjusted to highest entry (49.728$) anyway.

Trade stängt: målet nått:

TP2 reached with +49.98% (2x) and +2.59R

Polkadot kept going down as forecast, good thing we were holding that hedge!
It just bounced on desc TL support, could resume bullish soon, SL edited to first entry (47.186$)

Trade stängt: målet nått:

TP3 reached with +73.46% (2x) and +3.81R

Polkadot tried to regained 200MA but was not strong enough and continued bearish.
Does not compensate the losses but at least we got that one right, up to +100.36% (2x) from entry!