$BNB/USDT 4h (Binance Futures) Ascending triangle on support
Updated
Binance Coin has broken-out of that descending TL (TrendLine) and retested it successfully once.
Let's enter on next pull-back to 50MA targeting a bullish breakout of the triangle!
Current Price= 306.05
Buy Entry = 295.14 - 287.90
Take Profit= 315.59 | 327.30 | 342.84
Stop Loss= 273.74
Risk/Reward= 1:1.35 | 1:2.01 | 1:2.89
Expected Profit= +24.78% | +36.81% | +52.80%
Possible Loss= -18.30%
Fib. Retracement= 1 | 1.272 | 1.618
Margin Leverage= 3x
Estimated Gain-time= 2 weeks
Let's enter on next pull-back to 50MA targeting a bullish breakout of the triangle!
Current Price= 306.05
Buy Entry = 295.14 - 287.90
Take Profit= 315.59 | 327.30 | 342.84
Stop Loss= 273.74
Risk/Reward= 1:1.35 | 1:2.01 | 1:2.89
Expected Profit= +24.78% | +36.81% | +52.80%
Possible Loss= -18.30%
Fib. Retracement= 1 | 1.272 | 1.618
Margin Leverage= 3x
Estimated Gain-time= 2 weeks
Note
Up to +34.98% (3x) since calledBinance Coin broke-out of the triangle, unfortunately entry was never filled, maybe later then.
Trade active
First entry filledBinance Coin finally pulled back enough to let us in, we are below 50MA though but we can still reach some target!
Trade closed: target reached
TP1 reached with +24.78% (3x) and +1.35RBinance Coin just announced a new Launchpad project and price suddenly rose almost hitting second target!
Closing the candle above 50MA would be key to continue with the bullish momentum.
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