TradingOn

$BAND/USDT 3h (Binance Fut.) Parallel channel facing resistance

Short
TradingOn Updated   
BINANCE:BANDUSDT.P   BAND / TetherUS PERPETUAL CONTRACT
Band Protocol lost its support, I believe it will retrace down further to lower-line or near after a last impulse.

Current Price= 8.7404
Buy Entry= 8.7397 - 8.9909
Take Profit= 8.2719 | 7.7735 | 7.1819
Stop Loss= 9.3710

Risk/Reward= 1:1.2 | 1:2.19 | 1:3.37
Expected Profit= +13.50% | +24.72% | +38.06%
Possible Loss= -11.28%

Fib. Retracement= 0.618 | 0.786 | 1
Margin Leverage= 2x
Estimated Gain-time= 240h
Trade active:
All entries filled

Band pushed up a bit more than expected, let's see if it reverses here...

Trade closed: stop reached:
SL hit with -11.28% (2x)

Well, Band regained support and pumped after all, too bad.

Trade closed: target reached:
After Stop hunted, TP1 reached...

That's very frustrating, I'll keep an eye on it to long on support if goes down there!


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