BAL/USDT 2h (Binance Fut.) Descending channel & curve breakout

٢٤ سبتمبر ٢٠٢٠

Balancer is looking bullish again on Low Time Frame, let's try to catch a decent entry.

Current Price= 14.107
Buy Entry= 13.678 - 12.878
Take Profit= 15.120 | 16.712 | 18.119
Stop Loss= 11.799

Risk/Reward= 1:25 | 1:2.32 | 1:3.27
Expected Profit= +27.74% | +51.72% | +72.92%
Possible Loss= -22.28%

Fib. Retracement= 0.236 | 0.382 | 0.5
Margin Leverage= 2x
Estimated Gain-time= 240h

٦ أكتوبر ٢٠٢٠

ملاحظة

Went for all targets without reaching entry

Since it's still looking good for a move up after a bigger dip, let's recycle it with same R/Rs.
The idea is to enter on that midline channel support if goes down there:

Current Price= 14.904
Buy Entry= 14.156 - 13.356
Take Profit= 15.598 | 17.190 | 18.597
Stop Loss= 12.277

٧ أكتوبر ٢٠٢٠

تم فتح الصفقة

All entries filled & bouncing now

I believe Balancer can still make it so I'll let that one run since it's low leverage.

٩ أكتوبر ٢٠٢٠

أغلقت الصفقة: تم الوصول للهدف

TP1 with +21.50% (2x) from average entry (13.756$)

#Balancer made it, PC bot would sell remaining position if goes back under lowest entry (13.356$).

١٥ أكتوبر ٢٠٢٠

تم إغلاق الصفقة يدويًا

Bot closed remaining position with +7.26% (2x) at 14.256$ (time-out)

But somehow it opened a short at the same time, right now in good profit but that was a bug.
Please check your position and I recommend to manually close it since bot won't manage it anymore.
I will keep an eye on it to see if there is another long opportunity soon!