$BAND/USDT 3h (Binance Futures) Ascending channel on support
Updated
Band Protocol is showing several bullish continuation signs after breaking out of that triangle and the descending TL.
We expect 50MA and 200MA to be retested before bouncing higher, let's not miss next dip!
Current Price= 5.8682
Buy Entry = 5.8161 - 5.6661
Take Profit= 6.1170 | 6.3439 | 6.7494
Stop Loss= 5.4393
Risk/Reward= 1:1.25 | 1:2 | 1:3.34
Expected Profit= +19.65% | +31.50% | +53.58%
Possible Loss= -15.78%
Fib. Retracement= 0.5 | 0.786 | 1.272
Margin Leverage= 3x
Estimated Gain-time= 1 week
We expect 50MA and 200MA to be retested before bouncing higher, let's not miss next dip!
Current Price= 5.8682
Buy Entry = 5.8161 - 5.6661
Take Profit= 6.1170 | 6.3439 | 6.7494
Stop Loss= 5.4393
Risk/Reward= 1:1.25 | 1:2 | 1:3.34
Expected Profit= +19.65% | +31.50% | +53.58%
Possible Loss= -15.78%
Fib. Retracement= 0.5 | 0.786 | 1.272
Margin Leverage= 3x
Estimated Gain-time= 1 week
Trade closed: target reached
TP1 would have been reached with up to +15.42% (3x)Band Protocol bounced nicely but entry was missed by 0.47% (0.0274$), that's unlucky, maybe next dip.
Trade closed: target reached
TP3 would have been reached with up to +48.06% (3x)Band Protocol made it to last target, congrats if you were in manually!
Seems like it is not willing to pull-back enough to let us in, but entry is still waiting on 200MA support.
Trade closed manually
CL with 0% and 0RBand Protocol went up to +106.08 (3x) since called, but as you know entry was never filled.
Let's cancel the set-up here, if you are still in manually don't forget to take some profit!
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