$BNX/USDT 12h (#Bybit) Ascending trendline breakdown and retest
Updated
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.
Comment
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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