$BEL/BTC 2D (Binance Spot) Big falling wedge breakout and retest
Updated
bella.fi looks bullish here after regaining 50MA support and preparing for a big move up mid-term!
Bella Protocol is not only DeFi but also part of Binance Smart Chain (BSC) and Polygon Ecosystem.
Current Price= 0.00004422
Buy Entry= 0.00004410 - 0.00004038
Take Profit= 0.00005391 | 0.00007094 | 0.00008419
Stop Loss= 0.00003469
Risk/Reward= 1:1.55 | 1:3.8 | 1:5.56
Expected Profit= +27.63% | +67.95% | +99.31%
Possible Loss= -17.87%
Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 4.5 months
Bella Protocol is not only DeFi but also part of Binance Smart Chain (BSC) and Polygon Ecosystem.
Current Price= 0.00004422
Buy Entry= 0.00004410 - 0.00004038
Take Profit= 0.00005391 | 0.00007094 | 0.00008419
Stop Loss= 0.00003469
Risk/Reward= 1:1.55 | 1:3.8 | 1:5.56
Expected Profit= +27.63% | +67.95% | +99.31%
Possible Loss= -17.87%
Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 4.5 months
Trade active
All entries filledBella Protocol did not bounce where we expected and lost 50MA support.
Chart does not look too good but we'll stick to the plan here as we always should!
Trade closed: stop reached
SL hit with -17.87% (1x) and -1RBella Protocol could not keep up due to Bitcoin bullishness and stopped us out, maybe next time!
Trade closed: target reached
TP1 would have been reached with +27.36% in the endBella Protocol finally bounced back after a last wick down, congrats if you held or bought back.
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