$BNB/USDT 2D (Binance Futures) Trendline break and retest
Binance Coin has bounced from demand/support zone again, let's catch next leg-down for a swing.
Current Price= 310.56
Buy Entry = 303.28 - 267.08
Take Profit= 415.65 | 555.99 | 911.16
Stop Loss= 210.82
Risk/Reward= 1:1.75 | 1:3.64 | 1:8.42
Expected Profit= +45.75% | +94.96% | +219.50%
Possible Loss= -26.07%
Fib. Retracement= 0.5 | 0.786 | 1.272
Margin Leverage= 1x
Estimated Gain-time= 2 months
Current Price= 310.56
Buy Entry = 303.28 - 267.08
Take Profit= 415.65 | 555.99 | 911.16
Stop Loss= 210.82
Risk/Reward= 1:1.75 | 1:3.64 | 1:8.42
Expected Profit= +45.75% | +94.96% | +219.50%
Possible Loss= -26.07%
Fib. Retracement= 0.5 | 0.786 | 1.272
Margin Leverage= 1x
Estimated Gain-time= 2 months
Trade active
First entry filledBinance Coin dipped back letting us in, so far bouncing well!
Order cancelled
CL with -19.05% (1x) and -0.73RBinance Coin almost hit our SL, let's cancel here and take the loss before it's too late.
Note
Went back up +36.25% (1x)Same sad scenario for Binance Coin, we recommend to partially close here if you are still in!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.