$BCH/BTC 3h (Binance Spot) Descending channel breakout
Updated
Bitcoin Cash is looking ready to reverse the downtrend, let's start with a scalp but we recommend to buy for long-term as well!
Far that, you can make a cold wallet (like Trust Wallet for example) and withdraw them there (BEP2 network is cheaper).
Also, if you are up to Margin trading you can give that set-up a shot with 3x leverage.
Current Price= 0.009308
Buy Entry= 0.009312 - 0.009172
Take Profit= 0.010050 | 0.010695 | 0.011892
Stop Loss= 0.008664
Risk/Reward= 1:1.4 | 1:2.51 | 1:4.58
Expected Profit= +8.74% | +15.72% | +28.67%
Possible Loss= -6.25%
Fib. Retracement= 0.5 | 0.786 | 1.272
Margin Leverage= 1x
Estimated Gain-time= 10 days
Far that, you can make a cold wallet (like Trust Wallet for example) and withdraw them there (BEP2 network is cheaper).
Also, if you are up to Margin trading you can give that set-up a shot with 3x leverage.
Current Price= 0.009308
Buy Entry= 0.009312 - 0.009172
Take Profit= 0.010050 | 0.010695 | 0.011892
Stop Loss= 0.008664
Risk/Reward= 1:1.4 | 1:2.51 | 1:4.58
Expected Profit= +8.74% | +15.72% | +28.67%
Possible Loss= -6.25%
Fib. Retracement= 0.5 | 0.786 | 1.272
Margin Leverage= 1x
Estimated Gain-time= 10 days
Trade active
First entry filledBitcoinCash has confirmed the break-out, I hope you are in already!
Trade closed: stop reached
SL hunted with -6.25% and -1RBitcoinCash was no exception and wicked down, that's not cool!
Trade closed: target reached
TP3 would have been reached with +28.67% (1x) and +4.58RToo bad we got Stopped on BitcoinCash, went for all target and way more after, with up to +111.84%
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