$BTC/USDT 3 (Binance Futures) Symmetrical triangle breakdown
Updated
Bitcoin is looking weak on Low Time-Frame after that bearish break and pull-back, retesting 100EMA right now.
Many altcoins are pumping while ranging but let's hedge with that set-up in case market goes south!
Current Price= 55746.98
Sell Entry= 55768.97 - 56369.97
Take Profit= 53900.81 | 51643.73 | 49482.45
Stop Loss= 58238.13
Risk/Reward= 1:1 | 1:2.04 | 1:3.04
Expected Profit= +19.35% | +39.45% | +58.75%
Possible Loss= -19.35%
Fib. Retracement= 0.382 | 0.5 | 0.618
Margin Leverage= 5x
Estimated Gain-time= 10 days
Many altcoins are pumping while ranging but let's hedge with that set-up in case market goes south!
Current Price= 55746.98
Sell Entry= 55768.97 - 56369.97
Take Profit= 53900.81 | 51643.73 | 49482.45
Stop Loss= 58238.13
Risk/Reward= 1:1 | 1:2.04 | 1:3.04
Expected Profit= +19.35% | +39.45% | +58.75%
Possible Loss= -19.35%
Fib. Retracement= 0.382 | 0.5 | 0.618
Margin Leverage= 5x
Estimated Gain-time= 10 days
Trade active
First entry filledBitcoin got rejected as planned so far, let's see if it can reach first target at least!
Trade closed: target reached
TP1 reached with +18.55% (5x) and +1RBitcoin respecting perfectly the short-term projection, that's nice!
Trade closed manually
Remaining position closed at 2nd entryBitcoin pulled back to lower-line triangle, broke up 100EMA and is retesting 50MA.
Seems like it's regaining bullish momentum but it's a tricky situation, we are out of that trade for now!
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