Short
$BZRX/USDT 45m (Binance Fut) Ascending channel facing resistance
bZx Protocol could retrace here, risky scalp but may be worth it.
Current Price= 0.8800
Sell Entry = 0.8915 - 0.9149
Take Profit= 0.8350 | 0.7905 | 0.7606
Stop Loss= 0.9602
Risk/Reward= 1:1.2 | 1:1.98 | 1:2.5
Expected Profit= +22.65% | +37.44% | +47.37%
Possible Loss= -18.93%
Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 3x
Estimated Gain-time= 5 days
Current Price= 0.8800
Sell Entry = 0.8915 - 0.9149
Take Profit= 0.8350 | 0.7905 | 0.7606
Stop Loss= 0.9602
Risk/Reward= 1:1.2 | 1:1.98 | 1:2.5
Expected Profit= +22.65% | +37.44% | +47.37%
Possible Loss= -18.93%
Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 3x
Estimated Gain-time= 5 days
Trade closed: target reached
TP1 reached with +20.85% (3x) and +1RbZx hit first entry then dipped to first target, but PC bot was not fast enough to enter, that's too sad...
I hope some of you shorted manually, maybe we got filled on a next leg up, but nothing is quite sure!
Trade closed: stop reached
SL hit with -18.93% (3x) and -1RbZx went back up and stop hunted us, then it went down to second target.
Seems like I was right about the retracement but the entry zone was not high enough..
I think it is likely to resume bullish now, I will try to look for a long entry soon if I see it clear!
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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.