#BLZ/USDT 4h (Binance Futures) Ascending wedge on resistance

Bluzelle broke down the small rising wedge and has been forming a bigger one which may end up breaking bearish as well, leading to a retest of 200MA support.

⚡️⚡️ #BLZ/USDT ⚡️⚡️
Exchanges: Binance Futures
Signal Type: Regular (Short)
Leverage: Isolated (4.0X)
Amount: 6.4%

Current Price:
0.15552

Entry Targets:
1) 0.16459

Take-Profit Targets:
1) 0.12635

Stop Targets:
1) 0.18375

Published By: @TradingOn

BLZ BLZUSDT.P #Bluzelle #Storage bluzelle.com

Risk/Reward= 1:2
Expected Profit= +92.9%
Possible Loss= -46.6%
Estimated Gaintime= 4-8 days

Trade active:

Binance Futures
#BLZ/USDT All entry targets achieved
Average Entry Price: 0.16459 💵

BLZUSDT.P pushed up to wedge resistance and filled our entry, let's wait for the outcome patiently.

Trade closed: stop reached:

Binance Futures
#BLZ/USDT Stoploss ⛔️
Loss: 46.5642% 📉

BLZUSDT.P broke-out of the big wedge but to the upside and went retesting the smaller one, stopping us out.