#BTCUSDT #1D (Binance Futures) Descending channel break & retest

Bitcoin is pulling back to 50MA daily support after forming a big bull flag, a bounce towards new ATH seems likely next.

⚡️⚡️ #BTC/USDT ⚡️⚡️
Exchanges: Binance Futures
Signal Type: Regular (Long)
Leverage: Isolated (10.0X)
Amount: 5.4%

Current Price:
66989.1

Entry Targets:
1) 66666.6

Take-Profit Targets:
1) 75891.7

Stop Targets:
1) 62969.2

Published By: @TradingOn

BTC BTCUSDT.P #Bitcoin #PoW bitcoin.org

Risk/Reward= 1:2.5
Expected Profit= +138.4%
Possible Loss= -55.5%
Estimated Gaintime= 1 month

Trade active:

Binance Futures
BTCUSDT.P All entry targets achieved
Average Entry Price: 66666.6 💵

BTC dipped to 50MA support where it's bouncing back, nice entry so far.

Trade closed: stop reached:

Binance Futures
BTCUSDT.P Stop Target Hit ⛔️
Loss: 55.4611% 📉

BTC bounced back nicely at first but it did not last long, 50MA support was lost after then retested as resistance leading to a big sell-off towards 200MA.