$BAND/USDT 4h (#Bybit) Descending channel breakout and retest

Band Protocol is pulling back to ascending TL / 100EMA support where a bounce seems likely.

⚡️⚡️ #BAND/USDT ⚡️⚡️
Exchanges: ByBit USDT, Binance Futures
Signal Type: Regular (Long)
Leverage: Isolated (4X)
Amount: 6.6%

Current Price:
2.042

Entry Zone:
2.040 - 1.974

Take-Profit Targets:
1) 2.189
2) 2.326
3) 2.463

Stop Targets:
1) 1.855

Published By: @TradingOn

Risk/Reward= 1:1.2 | 1:2.1 | 1:3
Expected Profit= +36.27% | +63.58% | +90.88%
Possible Loss= -30.29%

Fib. Retracement= 0.618 | 0.883 | 1.117
Margin Leverage= 4x
Estimated Gain-time= 1-2 weeks

Tags: #BAND #BANDUSDT #BandChain #Oracle #Web3 #DPoS #DeFi #BSC

Website: bandprotocol.com

Trade closed: stop reached:

SL hit with -30.29% (4x) and -1R

BandProtocol lost support after all and is being rejected below 100EMA now.

#BAND #BANDUSDT #BandChain #Oracle #Web3