BNB Head and Shoulders

٢٠ ديسمبر ٢٠٢٢

*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.

• 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
  

٤ يناير ٢٠٢٣

تم فتح الصفقة

Order filled ✔️

٢٤ يناير ٢٠٢٣

أغلقت الصفقة: تم الوصول لوقف الخسارة

Stoploss hit 🛑 (pattern invalidated).
Price chasing the uptrendline to backtest it?