$BNB/BTC 4h (Binance Spot) Falling broadening wedge breakout
Updated
Binance Coin is recovering and just regained 200MA support, bullish continuation is in play!
"Binary Finance" combines Centralized and Decentralized exchanges thanks to Binance Smart Chain, more info on binance.com/
If you know how to trade in Binance Margin, you can use up to 3x leverage for that set-up.
Current Price= 0.009087
Buy Entry= 0.009030 - 0.008868
Take Profit= 0.009571 | 0.010120 | 0.010808
Stop Loss= 0.008533
Risk/Reward= 1:1.5 | 1:2.81 | 1:4.47
Expected Profit= +6.95% | +13.09% | +20.77%
Possible Loss= -4.65%
Fib. Retracement= 1.117 | 1.414 | 1.764
Margin Leverage= 1x | 2x | 3x
Estimated Gain-time= 3 weeks
"Binary Finance" combines Centralized and Decentralized exchanges thanks to Binance Smart Chain, more info on binance.com/
If you know how to trade in Binance Margin, you can use up to 3x leverage for that set-up.
Current Price= 0.009087
Buy Entry= 0.009030 - 0.008868
Take Profit= 0.009571 | 0.010120 | 0.010808
Stop Loss= 0.008533
Risk/Reward= 1:1.5 | 1:2.81 | 1:4.47
Expected Profit= +6.95% | +13.09% | +20.77%
Possible Loss= -4.65%
Fib. Retracement= 1.117 | 1.414 | 1.764
Margin Leverage= 1x | 2x | 3x
Estimated Gain-time= 3 weeks
Trade active
All entries filledBinance Coin lost back 200MA but still above 100EMA, let's stick to the plan here as usual!
Trade closed: stop reached
SL was hit with -4.65% and -1RBinance Coin did not go as expected and lost 100EMA support, down to -13.95% if you used 3x.
Yesterday it suddenly bounced back but got rejected on 200MA resistance, we'll wait until entering again!
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