*logarithmic scale*
Binance Coin broke the uptrendline, formed Head and Shoulders🤷 pattern and price just broke the Neckline recently. I think there is chance for drop to 166 (logarithmic scale target) and even to 116 (regular scale target - see below).
Setting SELL LIMIT order to neckline level to catch🎣 the potential pullback.
Binance Coin broke the uptrendline, formed Head and Shoulders🤷 pattern and price just broke the Neckline recently. I think there is chance for drop to 166 (logarithmic scale target) and even to 116 (regular scale target - see below).
- ENTRY: neckline @ 255
- STOPLOSS (SL): Right Shoulder @ 317.8
- TARGET (TP): H&S target projection @ 166 (logarithmic scale) | H&S target projection @ 116 (regular scale)
- REWARD RISK RATIO (RRR): 1.44 | 2.24
- INVALIDATION: when SL level hit
Trade active:
Order filled ✔️
Trade closed: stop reached:
Stoploss hit 🛑 (pattern invalidated).
Price chasing the uptrendline to backtest it?
Price chasing the uptrendline to backtest it?
