TradingOn

BTC/USDT 4h (Binance Futures) Ascending channel on midline

Long
TradingOn Updated   
BINANCE:BTCUSDT.P   Bitcoin / TetherUS PERPETUAL CONTRACT
#Bitcoin risky scalp but could be worth it if people keep buying the dips!

Current Price= 12961.68
Buy Entry= 13065.88 - 12935.23
Take Profit= 13249.96 | 13454.66 | 13680.35
Stop Loss= 12763.30

Risk/Reward= 1:1 | 1:1.84 | 1:2.77
Expected Profit= +9.35% | +17.20% | +25.90%
Possible Loss= -9.35%

Fib. Retracement= 0.236 | 0.5 | 0.786
Margin Leverage= 5x
Estimated Gain-time= 240h
Comment:
First target was missed by 2.69$

That's some bad luck, so I adjusted it a bit lower, next attempt should be it!

Trade closed: target reached:
TP2 reached with +17.20% (5x)

That was some pretty accurate buy zone, even dipped a second time for those who missed the first train!
I took some good profit here and wait for last target to close the trade.
PC bot would sell remaining position if goes down back to 13065$ now.


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.