Long
$BTT/USDT 1h (Binance Futures) Ascending trendline on support
BitTorrent looking for a bounce on TL and 100EMA.
Current Price= 0.007615
Buy Entry = 0.007663 - 0.007535
Take Profit= 0.008216 | 0.008896 | 0.009994
Stop Loss= 0.007099
Risk/Reward= 1:1.25 | 1:2.62 | 1:4.82
Expected Profit= +24.48% | +51.33% | +94.71%
Possible Loss= -19.62%
Fib. Retracement= 0.382 | 0.786 | 1.414
Margin Leverage= 3x
Estimated Gain-time= 10 days
Current Price= 0.007615
Buy Entry = 0.007663 - 0.007535
Take Profit= 0.008216 | 0.008896 | 0.009994
Stop Loss= 0.007099
Risk/Reward= 1:1.25 | 1:2.62 | 1:4.82
Expected Profit= +24.48% | +51.33% | +94.71%
Possible Loss= -19.62%
Fib. Retracement= 0.382 | 0.786 | 1.414
Margin Leverage= 3x
Estimated Gain-time= 10 days
Trade closed: stop reached
TP1 missed by 0.000001$ then SL with -19.62% (3x) and -1RThis is quite unlucky for BitTorrent, sticking to short was the best option after all!
It is about to break-out bullish again though, keep an eye on that descending TL!
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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.