BTC/USDT 4h(Binance Fut) Symmetrical triangle breakdown & retest
Updated
Bitcoin is retesting the broken trendline and I believe it will continue down again after that pullback ended.
Current Price= 11428.77
Sell Entry= 11521.44 - 11428.22
Take Profit= 11251.45 | 11044.59 | 10818.80
Stop Loss= 11701.47
Risk/Reward= 1:1 | 1:1.92 | 1:2.92
Expected Profit= +23.52% | +45.12% | +68.76%
Possible Loss= -23.52%
Fib. Retracement= 0.618 | 1.272 | 1.618
Margin Leverage= 12x
Estimated Gain-time= 360h
Current Price= 11428.77
Sell Entry= 11521.44 - 11428.22
Take Profit= 11251.45 | 11044.59 | 10818.80
Stop Loss= 11701.47
Risk/Reward= 1:1 | 1:1.92 | 1:2.92
Expected Profit= +23.52% | +45.12% | +68.76%
Possible Loss= -23.52%
Fib. Retracement= 0.618 | 1.272 | 1.618
Margin Leverage= 12x
Estimated Gain-time= 360h
Trade closed: target reached
TP1 more than hit with +23.52% then back to entry now.You could chose to re-enter the trade because lower targets are still valid if resistance doesn't break!
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