BTC/USDT 8H (Binance Fut.) Symmetrical Triangle near breakout
Bitcoin is under EMAs & MAs and facing resistance zone, so it would probably revisit the channel support (rose one).
I'm expecting more downtrend if parallel channel breaks-out also, that's why I put targets below it, set-up:
Sell Entry= 6934.50 - 7041.50
Take Profit= 6650.52 | 6313.72 | 5637.92
Stop Loss= 7325.52
Risk/Reward= 1:1 | 1:2 | 1:4
Expected Profit= 24.15% | 48.25% | 96.60%
Possible Loss= -24.15%
Fib. Retracement= 0.236 | 0.382 | 0.618
Margin Leverage= 5x
I'm expecting more downtrend if parallel channel breaks-out also, that's why I put targets below it, set-up:
Sell Entry= 6934.50 - 7041.50
Take Profit= 6650.52 | 6313.72 | 5637.92
Stop Loss= 7325.52
Risk/Reward= 1:1 | 1:2 | 1:4
Expected Profit= 24.15% | 48.25% | 96.60%
Possible Loss= -24.15%
Fib. Retracement= 0.236 | 0.382 | 0.618
Margin Leverage= 5x
Trade active:
All entries filled!
Trade closed: stop reached:
Stopped at -24.15% (5x)
