$HNT/USDT 6h (Binance Futures) Trendline breakdown & pullback
Updated
Helium could continue the retracement further down, specially if that rising wedge breaks bearish.
I used a tight SL but you could go for a bit wider one, like 1.4068$ for example.
Current Price= 1.3157
Buy Entry= 1.3125 - 1.3475
Take Profit= 1.2532 | 1.1900 | 1.1182
Stop Loss= 1.3916
Risk/Reward= 1:1.25 | 1:3.44 | 1:2.27
Expected Profit= +11.54% | +21.06% | +31.84%
Possible Loss= -9.96%
Fib. Retracement= 0.382 | 0.786 | 1.272
Margin Leverage= 2x
Estimated Gain-time= 360h
I used a tight SL but you could go for a bit wider one, like 1.4068$ for example.
Current Price= 1.3157
Buy Entry= 1.3125 - 1.3475
Take Profit= 1.2532 | 1.1900 | 1.1182
Stop Loss= 1.3916
Risk/Reward= 1:1.25 | 1:3.44 | 1:2.27
Expected Profit= +11.54% | +21.06% | +31.84%
Possible Loss= -9.96%
Fib. Retracement= 0.382 | 0.786 | 1.272
Margin Leverage= 2x
Estimated Gain-time= 360h
Trade closed: target reached
TP1 reached with +11.54% (2x), that's 1.25RPerfect rejection on TL retest for Helium, then rising wedge broke down as well!
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