$BNB/BTC 2D (#BinanceSpot) Descending trendline break and retest

26. Apr. 2022

Binance Coin (a.k.a. BNB Chain) is pulling back to 100EMA support where it is likely to bounce and even break-out of the triangle after.

Current Price= 0.009884
Buy Entry= 0.009886 - 0.009618
Take Profit= 0.010447 | 0.010866 | 0.011424
Stop Loss= 0.009194

Risk/Reward= 1:1.25 | 1:2 | 1:3
Expected Profit= +7.30% | +11.42% | +17.15%
Possible Loss= -5.72%

Fib. Retracement= 0.5 | 0.618 | 0.786
Margin Leverage= 1x | 2x | 3x
Estimated Gain-time= 3 months

Tags: #BNB #BNBBTC #Binance #BnbChain #BuildNBuild #BinaryFinance #Payment #SC #CEx #CeFi #DEx #DeFi #BSC #BC #SolEco $WBNB

Websites: binance.com bnbchain.world

Contracts:
#Mainnet
#ERC20 0x418D75f65a02b3D53B2418FB8E1fe493759c7605
#BEP20 0xbb4CdB9CBd36B01bD1cBaEBF2De08d9173bc095c
#SPL 9gP2kCy3wA1ctvYWQk75guqXuHfrEomqydHLtcTCqiLa
#AVAXC 0x442F7f22b1EE2c842bEAFf52880d4573E9201158
#CW20 terra1cetg5wruw2wsdjp7j46rj44xdel00z006e9yg8
#Polygon 0xecdcb5b88f8e3c15f95c720c51c71c9e2080525d

6. Mai 2022

Trade geschlossen: Ziel wurde erreicht

TP1 reached with +5.95% and +1.25R

BinanceCoin bounced back on 100EMA and finally broke-out of the symmetrical triangle!
Up to +17.85% (3x) if you levered in Margin, looks good for more up-trend, SL updated to lowest entry (0.009618) anyway.

24. Mai 2022

Trade wurde manuell geschlossen

Remaining position was closed with -1.37% and -0.24R

BinanceCoin lost 100EMA and went for an ugly stop hunt before bouncing and truly breaking out after!
TP2'd have been hit with up to +14.99%, very hard to trade such Price Action (PA) since even a wide SL'd not have worked.