$BNB/USDT 3h (Binance Futures) Rising wedge facing resistance

29 thg 4, 2021

Binance Coin broke bullish but is forming a bearish pattern on lower TF.
I believe a pull-back is likely, maybe even down to a retest of 200MA, let's give it a try!

Current Price= 614.435
Sell Entry= 614.670 - 624.430
Take Profit= 566.490 | 531.855 | 508.681
Stop Loss= 659.620

Risk/Reward= 1:1.35 | 1:2.22 | 1:2.8
Expected Profit= +17.24% | +28.40% | +35.86%
Possible Loss= -12.82%

Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 2x
Estimated Gain-time= 2 weeks

29 thg 4, 2021

Giao dịch đang hoạt động

First entry filled

Binance got rejected perfectly so far, let's see if it breaks down the TL now or bounce again...

3 thg 5, 2021

Đóng lệnh: đạt mục tiêu

TP1 reached with +12.66% (2x) and +0.99R

Let's adjust the first target for Binance Coin to secure the trade here.

3 thg 5, 2021

Giao dịch được đóng thủ công

Was closed at 2nd entry with -3.12% (2x) after TP1

Seems like Binance Coin was too strong to retrace down further, that is why I adjusted the 1st target the other day.
PC bot closed remaining position at 2nd entry (624.43$) as it does it automatically, but I am still hedging manually here with higher SL.
I am expecting a deeper dip in crypto market so I will keep an eye on it for a possible pull-back entry in order to long, maybe on 200MA retest!