BALUSDT trade ideas
BAL - ( USDT )This idea invalidated if BAL breakout 14.500
TP : Orange Line
DWYOR and Manage your risk
example : You can try for $5 with 10x
BALUSDT (Short)If you support my idea,like and share. It will inspire me to share more ideas. Any good suggestion is welcomed all time.
BALUSDT: Simple setupBALUSDT price flirting with resistance line. The set up doesnt get easier than this.
Once BAL crosses the resistance line, then this would mark towards the TGT 1 resistance.
This would not be a straight move up, would take some days to play out provided BTC is stable. At the moment price momentum is bullish.
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
