BNB/USDT 8H (Binance Fut.) Rising wedge breakout & pullback
Binance Coin clearly broke-out this bearish pattern, now pulled-back is about to end, better prepare for downtrend.
We've got that blue Trend Line that was broken last week acting as support, but a breakdown would trigger lots of sell orders.
Sell Entry= 17.035 - 17.715
Take Profit= 15.445 | 13.807 | 11.025
Stop Loss= 19.306
Risk/Reward= 1:1 | 1:1.85 | 1:3.29
Expected Profit= 33.33% | 61.62% | 109.65%
Possible Loss= -33.33%
Fib. Retracement= 0.236 | 0.382 | 0.618
Margin Leverage= 3x
We've got that blue Trend Line that was broken last week acting as support, but a breakdown would trigger lots of sell orders.
Sell Entry= 17.035 - 17.715
Take Profit= 15.445 | 13.807 | 11.025
Stop Loss= 19.306
Risk/Reward= 1:1 | 1:1.85 | 1:3.29
Expected Profit= 33.33% | 61.62% | 109.65%
Possible Loss= -33.33%
Fib. Retracement= 0.236 | 0.382 | 0.618
Margin Leverage= 3x
Trade fermée: cible de profit atteinte
TP2 hit with +61.62% profit (3x) last Sunday then went up for the blue TL acting as resistance right now.
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Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.