Short
$BNX/USDT 12h (#Bybit) Ascending trendline breakdown and retest
Binary X lost the local uptrend and just got rejected on 100EMA resistance, bearish continuation seems likely.
⚡️⚡️ #BNX/USDT ⚡️⚡️
Exchanges: Binance Futures, ByBit USDT
Signal Type: Regular (Short)
Leverage: Isolated (4.0X)
Amount: 8.2%
Current Price:
147.45
Entry Zone:
148.95 - 153.45
Take-Profit Targets:
1) 140.20
2) 131.90
3) 123.60
Stop Targets:
1) 160.40
Published By: @Zblaba
Risk/Reward= 1:1.2 | 1:2.1 | 1:3
Expected Profit= +29.10% | +51.06% | +73.02%
Possible Loss= -24.34%
Fib. Retracement= 0.618 | 0.786 | 1
Margin Leverage= 4x
Estimated Gain-time= 1-2 months
Tags: #BNXUSDT #MVB #CyberDragon #NFT #Metaverse #P2E #Gaming #DeFi #BSC
Website: binaryx.pro
Contracts:
#BEP20 0x8C851d1a123Ff703BD1f9dabe631b69902Df5f97
⚡️⚡️ #BNX/USDT ⚡️⚡️
Exchanges: Binance Futures, ByBit USDT
Signal Type: Regular (Short)
Leverage: Isolated (4.0X)
Amount: 8.2%
Current Price:
147.45
Entry Zone:
148.95 - 153.45
Take-Profit Targets:
1) 140.20
2) 131.90
3) 123.60
Stop Targets:
1) 160.40
Published By: @Zblaba
Risk/Reward= 1:1.2 | 1:2.1 | 1:3
Expected Profit= +29.10% | +51.06% | +73.02%
Possible Loss= -24.34%
Fib. Retracement= 0.618 | 0.786 | 1
Margin Leverage= 4x
Estimated Gain-time= 1-2 months
Tags: #BNXUSDT #MVB #CyberDragon #NFT #Metaverse #P2E #Gaming #DeFi #BSC
Website: binaryx.pro
Contracts:
#BEP20 0x8C851d1a123Ff703BD1f9dabe631b69902Df5f97
Trade active
All entries filledBinary X wicked up to supply zone then got rejected closing below 100EMA and forming a gravestone doji.
Note
Some useful definitions about Gravestone Dojis:investopedia.com/terms/g/gravestone-doji.asp
Trade closed: target reached
TP1 was reached with +29.12% (4x) and +1.2R🎯BinaryX went down as planned, almost hitting 2nd target then suddenly bounced back.
Let's update SL above entry to secure the trade in case it breaks out bullish!
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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.
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.