$BZRX/USDT 45m (Binance Fut) Ascending channel facing resistance
Updated
bZx Protocol could retrace here, risky scalp but may be worth it.
Current Price= 0.8800
Sell Entry = 0.8915 - 0.9149
Take Profit= 0.8350 | 0.7905 | 0.7606
Stop Loss= 0.9602
Risk/Reward= 1:1.2 | 1:1.98 | 1:2.5
Expected Profit= +22.65% | +37.44% | +47.37%
Possible Loss= -18.93%
Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 3x
Estimated Gain-time= 5 days
Current Price= 0.8800
Sell Entry = 0.8915 - 0.9149
Take Profit= 0.8350 | 0.7905 | 0.7606
Stop Loss= 0.9602
Risk/Reward= 1:1.2 | 1:1.98 | 1:2.5
Expected Profit= +22.65% | +37.44% | +47.37%
Possible Loss= -18.93%
Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 3x
Estimated Gain-time= 5 days
Trade closed: target reached
TP1 reached with +20.85% (3x) and +1RbZx hit first entry then dipped to first target, but PC bot was not fast enough to enter, that's too sad...
I hope some of you shorted manually, maybe we got filled on a next leg up, but nothing is quite sure!
Trade closed: stop reached
SL hit with -18.93% (3x) and -1RbZx went back up and stop hunted us, then it went down to second target.
Seems like I was right about the retracement but the entry zone was not high enough..
I think it is likely to resume bullish now, I will try to look for a long entry soon if I see it clear!
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