$BEL/USDT 8h (Binance Futures) Big falling wedge breakout
Bella Protocol is looking bullish here, the idea is to catch next dip revisiting 50MA.
Current Price= 4.0879
Buy Entry = 3.9780 - 3.8560
Take Profit= 4.6965 | 5.3890 | 6.4215
Stop Loss= 3.5270
Risk/Reward= 1:2 | 1:3.78 | 1:6.43
Expected Profit= +39.80% | +75.22% | +127.96%
Possible Loss= -19.92%
Fib. Retracement= 0.786 | 1 | 1.272
Margin Leverage= 2x
Estimated Gain-time= 1 month
Current Price= 4.0879
Buy Entry = 3.9780 - 3.8560
Take Profit= 4.6965 | 5.3890 | 6.4215
Stop Loss= 3.5270
Risk/Reward= 1:2 | 1:3.78 | 1:6.43
Expected Profit= +39.80% | +75.22% | +127.96%
Possible Loss= -19.92%
Fib. Retracement= 0.786 | 1 | 1.272
Margin Leverage= 2x
Estimated Gain-time= 1 month
Trade closed: target reached
TP1 reached with +39.80% (2x) and +2RBella perfectly bounced on support twice then went for first target!
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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.