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Jul 30, 2021 10:38 AM

$BAND/USDT 3h (Binance Futures) Ascending channel on support  Long

BAND / TetherUS PERPETUAL CONTRACTBinance

Description

Band Protocol is showing several bullish continuation signs after breaking out of that triangle and the descending TL.
We expect 50MA and 200MA to be retested before bouncing higher, let's not miss next dip!

Current Price= 5.8682
Buy Entry = 5.8161 - 5.6661
Take Profit= 6.1170 | 6.3439 | 6.7494
Stop Loss= 5.4393

Risk/Reward= 1:1.25 | 1:2 | 1:3.34
Expected Profit= +19.65% | +31.50% | +53.58%
Possible Loss= -15.78%

Fib. Retracement= 0.5 | 0.786 | 1.272
Margin Leverage= 3x
Estimated Gain-time= 1 week

Trade closed: target reached

TP1 would have been reached with up to +15.42% (3x)

Band Protocol bounced nicely but entry was missed by 0.47% (0.0274$), that's unlucky, maybe next dip.

Trade closed: target reached

TP3 would have been reached with up to +48.06% (3x)

Band Protocol made it to last target, congrats if you were in manually!
Seems like it is not willing to pull-back enough to let us in, but entry is still waiting on 200MA support.

Trade closed manually

CL with 0% and 0R

Band Protocol went up to +106.08 (3x) since called, but as you know entry was never filled.
Let's cancel the set-up here, if you are still in manually don't forget to take some profit!

Comments
JAKY1
keep it up
TradingOn
@JAKY1, oh yeah 📈
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