Binance Coin (a.k.a. BNB Chain) is pulling back to 100EMA support where it is likely to bounce and even break-out of the triangle after.
Current Price= 0.009884
Buy Entry= 0.009886 - 0.009618
Take Profit= 0.010447 | 0.010866 | 0.011424
Stop Loss= 0.009194
Risk/Reward= 1:1.25 | 1:2 | 1:3
Expected Profit= +7.30% | +11.42% | +17.15%
Possible Loss= -5.72%
Fib. Retracement= 0.5 | 0.618 | 0.786
Margin Leverage= 1x | 2x | 3x
Estimated Gain-time= 3 months
Tags: #BNB #BNBBTC #Binance #BnbChain #BuildNBuild #BinaryFinance #Payment #SC #CEx #CeFi #DEx #DeFi #BSC #BC #SolEco
WBNB
Websites: binance.com bnbchain.world
Contracts:
#Mainnet
#ERC20 0x418D75f65a02b3D53B2418FB8E1fe493759c7605
#BEP20 0xbb4CdB9CBd36B01bD1cBaEBF2De08d9173bc095c
#SPL 9gP2kCy3wA1ctvYWQk75guqXuHfrEomqydHLtcTCqiLa
#AVAXC 0x442F7f22b1EE2c842bEAFf52880d4573E9201158
#CW20 terra1cetg5wruw2wsdjp7j46rj44xdel00z006e9yg8
#Polygon 0xecdcb5b88f8e3c15f95c720c51c71c9e2080525d
Current Price= 0.009884
Buy Entry= 0.009886 - 0.009618
Take Profit= 0.010447 | 0.010866 | 0.011424
Stop Loss= 0.009194
Risk/Reward= 1:1.25 | 1:2 | 1:3
Expected Profit= +7.30% | +11.42% | +17.15%
Possible Loss= -5.72%
Fib. Retracement= 0.5 | 0.618 | 0.786
Margin Leverage= 1x | 2x | 3x
Estimated Gain-time= 3 months
Tags: #BNB #BNBBTC #Binance #BnbChain #BuildNBuild #BinaryFinance #Payment #SC #CEx #CeFi #DEx #DeFi #BSC #BC #SolEco
WBNBWebsites: binance.com bnbchain.world
Contracts:
#Mainnet
#ERC20 0x418D75f65a02b3D53B2418FB8E1fe493759c7605
#BEP20 0xbb4CdB9CBd36B01bD1cBaEBF2De08d9173bc095c
#SPL 9gP2kCy3wA1ctvYWQk75guqXuHfrEomqydHLtcTCqiLa
#AVAXC 0x442F7f22b1EE2c842bEAFf52880d4573E9201158
#CW20 terra1cetg5wruw2wsdjp7j46rj44xdel00z006e9yg8
#Polygon 0xecdcb5b88f8e3c15f95c720c51c71c9e2080525d
Trade closed: target reached
TP1 reached with +5.95% and +1.25RBinanceCoin bounced back on 100EMA and finally broke-out of the symmetrical triangle!
Up to +17.85% (3x) if you levered in Margin, looks good for more up-trend, SL updated to lowest entry (0.009618) anyway.
Trade closed manually
Remaining position was closed with -1.37% and -0.24RBinanceCoin lost 100EMA and went for an ugly stop hunt before bouncing and truly breaking out after!
TP2'd have been hit with up to +14.99%, very hard to trade such Price Action (PA) since even a wide SL'd not have worked.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.