BAND/BTC 8h (Binance Spot) Descending channel breakout & retest
Band Protocol is retesting that broken parallel channel, seems like a good pull-back opportunity.
I expect 50MA to be supporting the price if wicks down and then holding the up-trend!
Current Price= 0.00035815
Buy Entry= 0.00036040 - 0.00033440
Take Profit= 0.00040840 | 0.00045521 | 0.00050202
Stop Loss= 0.00028640
Risk/Reward= 1:1 | 1:1.77 | 1:2.53
Expected Profit= +17.56% | +31.03% | +44.51%
Possible Loss= -17.56%
Fib. Retracement= 0.382 | 0.5 | 0.618
Margin Leverage= 1x
Estimated Gain-time= 480h
I expect 50MA to be supporting the price if wicks down and then holding the up-trend!
Current Price= 0.00035815
Buy Entry= 0.00036040 - 0.00033440
Take Profit= 0.00040840 | 0.00045521 | 0.00050202
Stop Loss= 0.00028640
Risk/Reward= 1:1 | 1:1.77 | 1:2.53
Expected Profit= +17.56% | +31.03% | +44.51%
Possible Loss= -17.56%
Fib. Retracement= 0.382 | 0.5 | 0.618
Margin Leverage= 1x
Estimated Gain-time= 480h
