BTC/USDT 12H (Binance Fut) Ascending channel retest & breakdown
TA: Bitcoin is due for a correction, maybe only a small one but I'm expecting a big one this time if support breaks down.
Current Price= 9074.13
Buy Entry= 9119.00 - 9219.00
Take Profit= 8912.00 | 8506.50 | 7976.80
Stop Loss= 9426.00
Risk/Reward= 1:1 | 1:2.58 | 1:4.64
Expected Profit= 28.00% | 72.30% | 130.00%
Possible Loss= -28.00%
Fib. Retracement= 0.618 | 0.786 | 1
Margin Leverage= 10x
Estimated Gain-time= 480h
Current Price= 9074.13
Buy Entry= 9119.00 - 9219.00
Take Profit= 8912.00 | 8506.50 | 7976.80
Stop Loss= 9426.00
Risk/Reward= 1:1 | 1:2.58 | 1:4.64
Expected Profit= 28.00% | 72.30% | 130.00%
Possible Loss= -28.00%
Fib. Retracement= 0.618 | 0.786 | 1
Margin Leverage= 10x
Estimated Gain-time= 480h
Trade active
First entry hit then started going down.Trade closed: target reached
TP1 hit on that wick down with +2.80% profit (28.00% using 10x as recommended).Now it's back to entry, I'm still expected a bigger move to come!
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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.