BAL/USDT 6h (Binance Fut.) Descending channel facing resistance
Updated
#Balancer is entering my personal sell zone again, I'm sharing the set-up so you can give it a try manually.
Current Price= 12.369
Sell Entry= 12.300 - 13.012
Take Profit= 0.01827 | 0.01890 | 0.01961
Stop Loss= 0.01733
Risk/Reward= 1:1 | 1:2 | 1:3
Expected Profit= +10.90% | +21.81% | +32.70%
Possible Loss= -10.90%
Fib. Retracement= 1.272 | 1.618 | 2
Margin Leverage= 1x
Estimated Gain-time= 360h
Margin Leverage= 1x
Current Price= 12.369
Sell Entry= 12.300 - 13.012
Take Profit= 0.01827 | 0.01890 | 0.01961
Stop Loss= 0.01733
Risk/Reward= 1:1 | 1:2 | 1:3
Expected Profit= +10.90% | +21.81% | +32.70%
Possible Loss= -10.90%
Fib. Retracement= 1.272 | 1.618 | 2
Margin Leverage= 1x
Estimated Gain-time= 360h
Margin Leverage= 1x
Trade closed: target reached
TP1 with +10.90% (1x)#Balancer reacted as expected, you may think it's too bad I went without leverage, but this is already a extra volatile token, no need to lever to make good profit!
Trade closed: target reached
TP2 with +17% (1x)I adjusted targets a bit higher so the trade is secured now for #Balancer, good profit so far!
Note
TP3 reached with +25% (1x)#Balancer made it to last target, that's a wrap, I hope you held that short too!
This is the proof you don't necessarily need leverage to make profit.
I believe downtrend is about to end, waiting patiently for reversal confirmation now.
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.