BCH/BTC 2H (Binance) Falling wedge break-out & on support
Updated
Bitcoin Cash is looking quite bullish on that Time-Frame, even the RSI is showing a break-out.
I'm expected to catch it on the pull-back, but I will start entering now above 20EMA (red one):
Buy Entry= 0.032750 - 0.032150
Take Profit= 0.033633 | 0.034488 | 0.035853
Stop Loss= 0.031269
Risk/Reward= 1:1 | 1:1.73 | 1:2.88
Expected Profit= 3.65% | 6.28% | 10.49%
Possible Loss= -3.64%
Fib. Retracement= 0.236 | 0.382 | 0.618
Margin Leverage= 1x | 3x | 5x
I'm expected to catch it on the pull-back, but I will start entering now above 20EMA (red one):
Buy Entry= 0.032750 - 0.032150
Take Profit= 0.033633 | 0.034488 | 0.035853
Stop Loss= 0.031269
Risk/Reward= 1:1 | 1:1.73 | 1:2.88
Expected Profit= 3.65% | 6.28% | 10.49%
Possible Loss= -3.64%
Fib. Retracement= 0.236 | 0.382 | 0.618
Margin Leverage= 1x | 3x | 5x
Trade active
Pulled back very well to fill our entries and is now going up!Trade closed: target reached
I forget to notify you but TP1 was reached 2 days ago with +3.65% (18.25% 5x) then back to entry price and double bottom at 31600ish sats. There could be a good buy back opportunity..
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