BTC/USDT 4h(Binance Fut) Symmetrical triangle breakdown & retest
Bitcoin is retesting the broken trendline and I believe it will continue down again after that pullback ended.
Current Price= 11428.77
Sell Entry= 11521.44 - 11428.22
Take Profit= 11251.45 | 11044.59 | 10818.80
Stop Loss= 11701.47
Risk/Reward= 1:1 | 1:1.92 | 1:2.92
Expected Profit= +23.52% | +45.12% | +68.76%
Possible Loss= -23.52%
Fib. Retracement= 0.618 | 1.272 | 1.618
Margin Leverage= 12x
Estimated Gain-time= 360h
Current Price= 11428.77
Sell Entry= 11521.44 - 11428.22
Take Profit= 11251.45 | 11044.59 | 10818.80
Stop Loss= 11701.47
Risk/Reward= 1:1 | 1:1.92 | 1:2.92
Expected Profit= +23.52% | +45.12% | +68.76%
Possible Loss= -23.52%
Fib. Retracement= 0.618 | 1.272 | 1.618
Margin Leverage= 12x
Estimated Gain-time= 360h
Trade closed: target reached
TP1 more than hit with +23.52% then back to entry now.You could chose to re-enter the trade because lower targets are still valid if resistance doesn't break!
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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.