Long
$BLZ/USDT 12h (Binance Futures) Symmetrical triangle breakout
Bluzelle has broken the downtrend and is retesting 50MA, seems to be at strong demand zone here.
Current Price= 0.19681
Buy Entry= 0.19700 - 0.18390
Take Profit= 0.23497 | 0.27919 | 0.35698
Stop Loss= 0.15476
Risk/Reward= 1:1.25 | 1:2.39 | 1:4.51
Expected Profit= +23.38% | +45.83% | +86.46%
Possible Loss= -18.74%
Fib. Retracement= 0.5 | 0.618 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 1 month
Current Price= 0.19681
Buy Entry= 0.19700 - 0.18390
Take Profit= 0.23497 | 0.27919 | 0.35698
Stop Loss= 0.15476
Risk/Reward= 1:1.25 | 1:2.39 | 1:4.51
Expected Profit= +23.38% | +45.83% | +86.46%
Possible Loss= -18.74%
Fib. Retracement= 0.5 | 0.618 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 1 month
Trade active
Both entries filledBluzelle dipped as planned retesting the triangle, support is holding so far!
Trade closed: stop reached
SL hit with -18.74% and -1RBluzelle did not hold much longer, I guess crossing 50MA was definitely a bearish sign...
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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.