$BTC/USDT 90m (Binance Fut.) Broadening wedge breakdown & retest
Bitcoin small scalp downwards before resuming bullish again.
Current Price= 37260.00
Sell Entry= 37248.37 - 37696.55
Take Profit= 36653.80 | 35678.16 | 34650.29
Stop Loss= 34650.29
Risk/Reward= 1:1 | 1:2.17 | 1:3.41
Expected Profit= +8.88% | +19.28% | +30.28%
Possible Loss= -8.88%
Fib. Retracement= 0.236 | 0.5 | 0.786
Margin Leverage= 4x
Estimated Gain-time= 120h
Current Price= 37260.00
Sell Entry= 37248.37 - 37696.55
Take Profit= 36653.80 | 35678.16 | 34650.29
Stop Loss= 34650.29
Risk/Reward= 1:1 | 1:2.17 | 1:3.41
Expected Profit= +8.88% | +19.28% | +30.28%
Possible Loss= -8.88%
Fib. Retracement= 0.236 | 0.5 | 0.786
Margin Leverage= 4x
Estimated Gain-time= 120h
Trade closed: target reached
TP1 reached with +8.88% (4x) and 1RBitcoin retracing down as expected, nice profit so far!
Note
That would be the road I expect:Trade closed: target reached
TP2 hit with +19.28% (4x) and 2.17RBitcoin kept dipping, let's see if we can reach last target before reversal starts.
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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.