$BEL/USDT 8h (Binance Futures) Big falling wedge breakout
Updated
Bella Protocol is looking bullish here, the idea is to catch next dip revisiting 50MA.
Current Price= 4.0879
Buy Entry = 3.9780 - 3.8560
Take Profit= 4.6965 | 5.3890 | 6.4215
Stop Loss= 3.5270
Risk/Reward= 1:2 | 1:3.78 | 1:6.43
Expected Profit= +39.80% | +75.22% | +127.96%
Possible Loss= -19.92%
Fib. Retracement= 0.786 | 1 | 1.272
Margin Leverage= 2x
Estimated Gain-time= 1 month
Current Price= 4.0879
Buy Entry = 3.9780 - 3.8560
Take Profit= 4.6965 | 5.3890 | 6.4215
Stop Loss= 3.5270
Risk/Reward= 1:2 | 1:3.78 | 1:6.43
Expected Profit= +39.80% | +75.22% | +127.96%
Possible Loss= -19.92%
Fib. Retracement= 0.786 | 1 | 1.272
Margin Leverage= 2x
Estimated Gain-time= 1 month
Trade closed: target reached
TP1 reached with +39.80% (2x) and +2RBella perfectly bounced on support twice then went for first target!
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