$BTC/USDT 8h (Binance Futures) Ascending triangle break & retest
Bitcoin has broken bullish and is pulling back, let's enter on next dip, aiming for new ATH.
Current Price= 60299.13
Buy Entry = 59420.50 - 58192.50
Take Profit= 63511.55 | 67895.95 | 72260.22
Stop Loss= 55198.57
Risk/Reward= 1:1.3 | 1:2.52 | 1:3.73
Expected Profit= +24.00% | +46.35% | +68.64%
Possible Loss= -18.42%
Fib. Retracement= 0.786 | 1.414 | 2
Margin Leverage= 3x
Estimated Gain-time= 1 month
Current Price= 60299.13
Buy Entry = 59420.50 - 58192.50
Take Profit= 63511.55 | 67895.95 | 72260.22
Stop Loss= 55198.57
Risk/Reward= 1:1.3 | 1:2.52 | 1:3.73
Expected Profit= +24.00% | +46.35% | +68.64%
Possible Loss= -18.42%
Fib. Retracement= 0.786 | 1.414 | 2
Margin Leverage= 3x
Estimated Gain-time= 1 month
Trade active
First entry filledBitcoin dipping as planned and about to retest 100EMA, let's wait and see if bounces.
Trade closed: stop reached
SL hit with -18.42% (3x) and -1RNo bounce on 100EMA, Bitcoin broke bearish locally.
No time to panic, just step back trading until storm calms down!
Related publications
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.
Related publications
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.