BNB Head and Shoulders
Diupdate
*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 aktif
Order filled ✔️Trading ditutup: stop tercapai
Stoploss hit 🛑 (pattern invalidated). Price chasing the uptrendline to backtest it?
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