TradingOn

BNB/USDT 12h (Binance Fut) Parallel channel break-out

Long
BINANCE:BNBUSDT.P   Binance Coin / TetherUS PERPETUAL CONTRACT
FA: Binance Completes 12th Quarterly BNB Burn last week.

TA: Binance Coin is quite bullish after that acending channel break-out, don't look like a fake-out this time.

Current Price= 18.947
Sell Entry= 19.056 - 18.656
Take Profit= 19.858 | 20.282 | 20.282
Stop Loss= 17.854

Risk/Reward= 1:1 | 1:1.42 | 1:2.05
Expected Profit= +26.55% | +37.80% | +54.40%
Possible Loss= -26.55%

Fib. Retracement= 1.272 | 1.414 | 1.618
Margin Leverage= 5x
Estimated Gain-time= 720h

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.