Swing Trade Opportunity for BTC/USDT
Updated
Fibonacci Retracement Levels identified near to 47000. An opportunity to buy now and keeping the SL near to this level, I went for 8 weeks low.
Target - 50% Breaking the first Resistance Level and moving above the first formed shoulder. Trailing SL thereafter.
Risk Reward Ratio - 1.65 ( First Target ) and 2.76 ( for previous ATH)
Target - 50% Breaking the first Resistance Level and moving above the first formed shoulder. Trailing SL thereafter.
Risk Reward Ratio - 1.65 ( First Target ) and 2.76 ( for previous ATH)
Note
Current Price= 45673.58Buy Entry = 44770.00 - 42045.00
Take Profit= 52813.00 | 64886.00 | 76891.00
Stop Loss= 35811.00
Risk/Reward= 1:1.25 | 1:2.85 | 1:4.45
Expected Profit= +21.82% | +49.66% | +77.35%
Possible Loss= -17.40%
Fib. Retracement= 0.5 | 1 | 1.414
Margin Leverage= 1x
Estimated Gain-time= 3 months
Trade closed: stop reached
SL hit at 39 and this trade is closed. We will look for a new opportunity to enter. Stay tuned.
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