$BLZ/USDT 12h (Binance Futures) Symmetrical triangle breakout
Updated
Bluzelle has broken the downtrend and is retesting 50MA, seems to be at strong demand zone here.
Current Price= 0.19681
Buy Entry= 0.19700 - 0.18390
Take Profit= 0.23497 | 0.27919 | 0.35698
Stop Loss= 0.15476
Risk/Reward= 1:1.25 | 1:2.39 | 1:4.51
Expected Profit= +23.38% | +45.83% | +86.46%
Possible Loss= -18.74%
Fib. Retracement= 0.5 | 0.618 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 1 month
Current Price= 0.19681
Buy Entry= 0.19700 - 0.18390
Take Profit= 0.23497 | 0.27919 | 0.35698
Stop Loss= 0.15476
Risk/Reward= 1:1.25 | 1:2.39 | 1:4.51
Expected Profit= +23.38% | +45.83% | +86.46%
Possible Loss= -18.74%
Fib. Retracement= 0.5 | 0.618 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 1 month
Trade active
Both entries filledBluzelle dipped as planned retesting the triangle, support is holding so far!
Trade closed: stop reached
SL hit with -18.74% and -1RBluzelle did not hold much longer, I guess crossing 50MA was definitely a bearish sign...
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