TradingOn

$BCH/BTC 2h (Binance Spot) Descending channel breakout

Long
BINANCE:BCHBTC   Bitcoin Cash / Bitcoin
BitcoinCash is looking ready for reversal here in satoshi, I am adding to my current bag!

Current Price= 0.010484
Buy Entry= 0.010486 - 0.010202
Take Profit= 0.011998 | 0.014122 | 0.015990
Stop Loss= 0.009517

Risk/Reward= 1:2 | 1:4.57 | 1:6.83
Expected Profit= +15.99% | +36.52% | +54.58%
Possible Loss= -7.99%

Fib. Retracement= 0.5 | 0.786 | 1
Margin Leverage= 1x
Estimated Gain-time= 10 days
Trade closed: stop reached: SL hit with -7.99% (1x) and -1R

Bitcoin Cash did not manage to stay above 50MA and dipped further.
Too bad, we'll try to catch it another time then, because macro view is still looking good!


Always manage risk accordingly and respect leverage!

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