$FRONT/BTC 1D (Binance Spot) Descending trendline break & retest
Updated
frontier.xyz is pulling back retesting demand zone then will probably resume the up-trend!
Frontier is a chain-agnostic DeFi aggregation layer, also working on Binance Smart Chain, Polkadot, Avalanche and Solana Ecosystems.
Current Price= 0.00003459
Buy Entry= 0.00003471 - 0.00003201
Take Profit= 0.00004151 | 0.00004867 | 0.00005949
Stop Loss= 0.00002791
Risk/Reward= 1:1.5 | 1:2.81 | 1:4.79
Expected Profit= +24.43% | +45.89% | +78.33%
Possible Loss= -16.34%
Fib. Retracement= 0.5 | 0.618 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 1.5 months
Frontier is a chain-agnostic DeFi aggregation layer, also working on Binance Smart Chain, Polkadot, Avalanche and Solana Ecosystems.
Current Price= 0.00003459
Buy Entry= 0.00003471 - 0.00003201
Take Profit= 0.00004151 | 0.00004867 | 0.00005949
Stop Loss= 0.00002791
Risk/Reward= 1:1.5 | 1:2.81 | 1:4.79
Expected Profit= +24.43% | +45.89% | +78.33%
Possible Loss= -16.34%
Fib. Retracement= 0.5 | 0.618 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 1.5 months
Trade active
Both entries filled Frontier dipped a bit more than expected but let's stick to the plan.
Trade closed: target reached
TP1 reached with +24.43% (1x) and +1.5RFrontier bounced nicely regaining 200MA support, SL edited to lowest entry (0.00003201₿).
Note
Earn up to 182.5% APY with Frontier on Binance Savings! You can "stake" during 30 days starting from 10 FRONT (~18$) to 1000 FRONT (~1800$), for that go to Earn -> Buy Products.
Frontier Announcements: t.me/FrontierDotXYZ
Frontier Chat: t.me/FrontierDotXYZ_Chat
Twitter: twitter.com/FrontierDotXYZ
Instagram: instagram.com/frontier.xyz
More details: binance.com/en/support/announcement/b458eaba43484936b469ef09d349297e
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