$BNB/USDT 2h (Binance Futures) Descending channel break & retest
Binance Coin seems to be ending the local retracement, time to look back up in my opinion.
Current Price= 228.652
Buy Entry= 228.109 - 218.069
Take Profit= 253.327 | 304.529 | 349.700
Stop Loss= 198.869
Risk/Reward= 1:1.25 | 1:3.36 | 1:5.23
Expected Profit= +27.10% | +73.02% | +113.50%
Possible Loss= -21.72%
Fib. Retracement= 0.5 | 0.786 | 1
Margin Leverage= 2x
Estimated Gain-time= 10 days
Current Price= 228.652
Buy Entry= 228.109 - 218.069
Take Profit= 253.327 | 304.529 | 349.700
Stop Loss= 198.869
Risk/Reward= 1:1.25 | 1:3.36 | 1:5.23
Expected Profit= +27.10% | +73.02% | +113.50%
Possible Loss= -21.72%
Fib. Retracement= 0.5 | 0.786 | 1
Margin Leverage= 2x
Estimated Gain-time= 10 days
Trade active
All entries filledBinance dipped as expected and just broke out of that descending parabolic curve!
It would be nice to reach some target before weekend, let's be patient enough.
Trade closed: target reached
TP1 reached with +27.10% (2x) and +1.25RBinance Coin finally managed to move up, seems like it was the local bottom indeed!
Trade closed: target reached
TP2 reached with +73.02% (2x) and +3.36RBinance Coin broke bullish again bringing us a nice reward, last target is still valid!
Better Take some partial Profit and move Stop Loss to first entry in any case (228.109$).
Trade closed: target reached
TP3 hit with +113.50% (2x) and +5.23RAfter revisiting entry zone, Binance Coin went for all targets this time!
Congrats if you were still in or if you managed to buy back 👌🏼
Related publications
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.
Related publications
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.