$BNX/USDT 12h (#Bybit) Ascending trendline breakdown and retest

Oct 17, 2022

Binary X lost the local uptrend and just got rejected on 100EMA resistance, bearish continuation seems likely.

⚡️⚡️ #BNX/USDT ⚡️⚡️
Exchanges: Binance Futures, ByBit USDT
Signal Type: Regular (Short)
Leverage: Isolated (4.0X)
Amount: 8.2%

Current Price:
147.45

Entry Zone:
148.95 - 153.45

Take-Profit Targets:
1) 140.20
2) 131.90
3) 123.60

Stop Targets:
1) 160.40

Published By: @Zblaba

Risk/Reward= 1:1.2 | 1:2.1 | 1:3
Expected Profit= +29.10% | +51.06% | +73.02%
Possible Loss= -24.34%

Fib. Retracement= 0.618 | 0.786 | 1
Margin Leverage= 4x
Estimated Gain-time= 1-2 months

Tags: #BNXUSDT #MVB #CyberDragon #NFT #Metaverse #P2E #Gaming #DeFi #BSC

Website: binaryx.pro

Contracts:
#BEP20 0x8C851d1a123Ff703BD1f9dabe631b69902Df5f97

Oct 31, 2022

Trade active

All entries filled

Binary X wicked up to supply zone then got rejected closing below 100EMA and forming a gravestone doji.

Oct 31, 2022

Note

Some useful definitions about Gravestone Dojis:
investopedia.com/terms/g/gravestone-doji.asp

Oct 31, 2022

Trade closed: target reached

TP1 was reached with +29.12% (4x) and +1.2R🎯

BinaryX went down as planned, almost hitting 2nd target then suddenly bounced back.
Let's update SL above entry to secure the trade in case it breaks out bullish!