EDIT: Please ignore the lower chart, it's shown by mistake, just go with the upper chart and press the rectangle button to maximize it (alt + click). This is follow up to the original idea down below. We just got wider triangle before the real breakout.
Binance Coin broke up this triangle📐 and I think there is chance for run to 314 and even higher. Setting BUY LIMIT order to previous range high to catch🎣 the pullback.
ENTRY: local high @ 300.5
STOPLOSS (SL): local low @ 295.7
TARGET (TP): height of the triangle projected from midpoint of the local range (BUY LIMIT - STOPLOSS) @ 314.5
REWARD RISK RATIO (RRR): 2.9
INVALIDATION: when SL level hit
Check my other stuff in related ideas.
Please boost🚀, comment🗣️, follow me✒️, enjoy📺!
⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
Trade active
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Order filled ✔️ As predicted price dropped to the breakout level and bounced. Nice...
Trade closed: stop reached
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Stoploss hit 🛑 Price got below both triangle edges, not looking good. Breaking the orange level would be even more bearish...