$BCH/USDT 4h (Binance Futures) Descending triangle breakout
Updated
Bitcoin Cash is looking very bullish here, let's try to catch a decent dip for continuation trade.
Current Price= 504.30
Buy Entry= 471.05 - 449.35
Take Profit= 561.95 | 727.97 | 874.27
Stop Loss= 408.45
Risk/Reward= 1:2 | 1:5.23 | 1:8.09
Expected Profit= +44.48% | +116.72% | +180.36%
Possible Loss= -22.30%
Fib. Retracement= 0.786 | 1.272 | 1.618
Margin Leverage= 2x
Estimated Gain-time= 480h
Current Price= 504.30
Buy Entry= 471.05 - 449.35
Take Profit= 561.95 | 727.97 | 874.27
Stop Loss= 408.45
Risk/Reward= 1:2 | 1:5.23 | 1:8.09
Expected Profit= +44.48% | +116.72% | +180.36%
Possible Loss= -22.30%
Fib. Retracement= 0.786 | 1.272 | 1.618
Margin Leverage= 2x
Estimated Gain-time= 480h
Trade active
First entry filledBitcoin Cash dipped as expected, maybe it could go for our 2nd entry before reversing.
Trade closed: target reached
TP2 with +116.72% (2x) and 5.23RAmazing result for BitcoinCash, perfectly respecting the plan so far!
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