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Bullishbreakout

$XRP/BTC 1h (Binance Spot) Descending channel near breakoutRipple is looking bullish again and I am expecting a bounce after a last dip to 100EMA. If you know how to Margin trade, you can lever that set-up with 3 or 5x, but manage your position size accordingly so you won't over-risk! Current Price= 0.00000976 Buy Entry= 0.00000975 - 0.00000961 Take Profit= 0.00001025 | 0.00001058 | 0.00001114 Stop Loss= 0.00000930 Risk/Reward= 1:1.5 | 1:2.37 | 1:3.84 Expected Profit= +5.89% | +9.30% | +15.08% Possible Loss= -3.93% Fib. Retracement= 0.5 | 0.786 | 1.272 Margin Leverage= 1x Estimated Gain-time= 1 week
Long
by TradingOn
BNB/USDT - close to symmetrical triangle breakoutBNB/USDT has been setting up a symmetrical triangle for a month since it hit its ATH and is now on the verge of breaking out. Due to the way the pattern is set up and fairly low risk associated with the trade a bullish breakout seems more likely than a pattern failure. This looks like a great buy zone to me but I will wait for breakout confirmation first before fully entering a long. For this trade we can work with a tight stop of around 3-5% below the current price which makes for a great risk:reward ratio or simply wait for breakout confirmation before entering the trade to reduce the risk of longing a pattern failure. Buy zone: $260-$272 Recommended stop loss area: $256.5 (very tight) - $248 Tighter stops can turn the risk:reward in your favor but also increase the risk of getting stopped out too early by fake-outs and potential wicks so choose a price you're comfortable with. They work best if you let the price come to you and you're buying right on support. Best of luck and let me know what you think!
Long
by Wolfy_
4
$IOTA/BTC 4h (Binance Spot) Falling wedge breakoutMiota is trending inside an ascending channel and has broken out of that falling wedge. Let's wait for a pull-back and try to catch it on 50MA support retest, which is also a demand zone! Current Price= 0.00002450 Buy Entry= 0.00002385 - 0.00002323 Take Profit= 0.00002659 | 0.00002898 | 0.00003316 Stop Loss= 0.00002150 Risk/Reward= 1:1.5 | 1:2.67 | 1:4.72 Expected Profit= +12.96% | +23.11% | +40.87% Possible Loss= -8.67% Fib. Retracement= 0.5 | 0.786 | 1.272 Margin Leverage= 1x Estimated Gain-time= 2 weeks
Long
by TradingOn
9