BALUSDT.P trade ideas
BAL.USDT (Y20.P5.E1).Is it time to go longHi All,
While BTC does another ranging price action, the ALTs are coming into play.
BAL has a nice trend formation on the 8 hrly and now is at a strong resistance.
I have 2 scenarios where the resistance is broken decisively or its consolidated underneath this resistance layer.
Either way, looking at the MACRO structure, the following can be observed:
a) Wedge breakout confirmed ;
b) Daily and 2Day indicators look like turning bullish ;
c) The 8 hrly upward trend intact;
d) Macro found support at the 0.5 fib level;
e) Phoenix indicator in the bullish territory;
+ many more
DAILY CHART: Note the 10 and 20 EMA acting as support and the 50 currently resistance.
Bullish 3 candle setup on the daily.
All the best,
S.SAri
✳️Balancer/USDT (10/11) View + Trading Plan #BAL $BALBAL is on a strong recovery and the heading target is at 14$, which is a strong resistance zone and a possible reversal here, so be careful. If this zone is broken, BAL will switch to uptrend and the heading target will be 18$ or even 26$
📈BUY- LONG
- Buy close to 10-10.5$, stoploss if B
📉SELL-SHORT
- Sell: 13-14$, stoploss if A
- Sell: 17-18$, stoploss if A
- Sell: 25-26$, stoploss if A
♻️BACK-UP
- Sell close to 10-10.5$ if B, stoploss if A
- Buy: 8-8.5$, stoploss if B
❓Details:
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
BALUSDT to go till 15.5BAL bouncing on and off within the range.
Right now price is at the lower support level.
This can go till 15.5
#BAL hedged a longMy short is still going to have booked the majority as the support is holding!
hedged a long here make money going down & going up
BAL/USDT 2h (Binance Fut.) Descending channel & curve breakoutBalancer is looking bullish again on Low Time Frame, let's try to catch a decent entry.
Current Price= 14.107
Buy Entry= 13.678 - 12.878
Take Profit= 15.120 | 16.712 | 18.119
Stop Loss= 11.799
Risk/Reward= 1:25 | 1:2.32 | 1:3.27
Expected Profit= +27.74% | +51.72% | +72.92%
Possible Loss= -22.28%
Fib. Retracement= 0.236 | 0.382 | 0.5
Margin Leverage= 2x
Estimated Gain-time= 240h
My first serious analyses is a succesDrew this set up 2 days ago and I'm very pleased how this is working out
Bal is this going strong!
Binance: BAL/USDT (PERP) TRENDMASTERTRENDMASTER 4H buy signal.
For a more save play, wait for break-out retest.
(no financial advice)
