ZEC/USDT 1H (Binance Fut.) Ascending channel break-out
Zcash broke the channel support and start looking bearish after reaching good targets vs BTC.
So it could be a good Short opportunity, we are operating it in Binance Futures Tournament, set-up:
Sell Entry= 47.15 - 45.88
Take Profit= 43.03 | 41.27 | 37.07
Stop Loss= 50.03
Risk/Reward= 1:1 | 1:1.5 | 1:2.71
Expected Profit= 37.6% | 56.55% | 101.65%
Possible Loss= -37.6%
Margin Leverage= 5x
So it could be a good Short opportunity, we are operating it in Binance Futures Tournament, set-up:
Sell Entry= 47.15 - 45.88
Take Profit= 43.03 | 41.27 | 37.07
Stop Loss= 50.03
Risk/Reward= 1:1 | 1:1.5 | 1:2.71
Expected Profit= 37.6% | 56.55% | 101.65%
Possible Loss= -37.6%
Margin Leverage= 5x
Trade active
2/3 entries reached, now sitting below the support, just be patient.Trade closed: target reached
TP1 hit with +37.6% (5x) from average entry, enjoy that profit!Trade closed: target reached
TP2 hit 56.55% (5x) then back to first target.
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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.
Related publications
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.