BCH/USDTPERP 2H (Binance) Falling wedge about to break-out
Updated
Bitcoin Cash is having a very similar pattern vs USDT, plus the channel support looks like it's holding.
So it could be a good Long opportunity as well, we are operating it in Binance Futures Tournament, set-up:
Buy Entry= 222.96 - 219.76
Take Profit= 229.96 | 239.56 | 254.76
Stop Loss= 212.76
Risk/Reward= 1:1 | 1:2.12 | 1:3.88
Expected Profit= 38.90% | 82.20% | 150.90%
Possible Loss= -38.90%
Margin Leverage= 10x
So it could be a good Long opportunity as well, we are operating it in Binance Futures Tournament, set-up:
Buy Entry= 222.96 - 219.76
Take Profit= 229.96 | 239.56 | 254.76
Stop Loss= 212.76
Risk/Reward= 1:1 | 1:2.12 | 1:3.88
Expected Profit= 38.90% | 82.20% | 150.90%
Possible Loss= -38.90%
Margin Leverage= 10x
Trade closed: stop reached
Stopped and now just bounced to first target, too bad I wasn't able to create another long before. Next time!
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