✴️ Binance Coin 5X SHORT (230% Profits Potential)

Here we have a symmetrical triangle for Binance Coin vs Tether (BNBUSDT).

This pattern for us has a bearish bias due to the fact that related pairs in the same situation are now bearish, take Ethereum as an example. The bearish action we see on the Ethereum chart can easily be duplicated on the Binance Coin chart.

➖ Market conditions can always change though and this is only an assumption based on past price action; anything goes.

➖ Make sure to do your own research before trading.
There is always risk involved.

➖ Leveraged tradings is for experienced traders only.
This is not financial advice.

Full trade-numbers below... ⤵️
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SHORT BNBUSDT

Leverage: 5X
Buy-in: $620 - $580 | Cp: $584.5

Targets:

1) $540
2) $510
3) $480
4) $425
5) $380
6) $345
7) $315

Stop-loss: Close daily above $650

Potential profits: 230%
Capital allocation: 3%

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Namaste.

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تعليق:

This one is doing good but we still have yet to reach our fist target... Patience is key.

The fact that Binance Coin remains bearish points to the other major Crypto project as producing a small bounce/short-squeeze/lower high.