ZEC/USDT 1H (Binance Fut.) Ascending channel break-out
Zcash broke the channel support and start looking bearish after reaching good targets vs BTC.
So it could be a good Short opportunity, we are operating it in Binance Futures Tournament, set-up:
Sell Entry= 47.15 - 45.88
Take Profit= 43.03 | 41.27 | 37.07
Stop Loss= 50.03
Risk/Reward= 1:1 | 1:1.5 | 1:2.71
Expected Profit= 37.6% | 56.55% | 101.65%
Possible Loss= -37.6%
Margin Leverage= 5x
So it could be a good Short opportunity, we are operating it in Binance Futures Tournament, set-up:
Sell Entry= 47.15 - 45.88
Take Profit= 43.03 | 41.27 | 37.07
Stop Loss= 50.03
Risk/Reward= 1:1 | 1:1.5 | 1:2.71
Expected Profit= 37.6% | 56.55% | 101.65%
Possible Loss= -37.6%
Margin Leverage= 5x
Trade active:
2/3 entries reached, now sitting below the support, just be patient.
Trade closed: target reached:
TP1 hit with +37.6% (5x) from average entry, enjoy that profit!
Trade closed: target reached:
TP2 hit 56.55% (5x) then back to first target.
