$BAL/BTC 2D (Binance Spot) Falling wedge on support

Balancer Finance looks bottomed here and near reversal, time to build a decent bag, aiming for recovery.

Current Price= 0.0003379
Buy Entry= 0.0003388 - 0.0003102
Take Profit= 0.0004255 | 0.0005282 | 0.0006865
Stop Loss= 0.0002570

Risk/Reward= 1:1.5 | 1:3.02 | 1:5.36
Expected Profit= +31.12% | +62.77% | +111.56%
Possible Loss= -20.80%

Fib. Retracement= 0.236 | 0.382 | 0.559
Margin Leverage= 1x
Estimated Gain-time= 6 months

balancer.fi/

Zlecenie aktywne:

All entres filled

Balancer Finance bounced on wedge support and is finally showing some strength!

Transakcja zamknięta: osiągnięto wyznaczony cel:

TP1 reached with +31.12% and +1.5R

Balancer Finance regained 50MA support and broke-out of the wedge, recovery has started!
Bullish continuation is in play, SL adjusted to lowest entry anyway (0.0003102₿)

Zlecenie zamknięto ręcznie:

Remaining position was closed with -4.41% and -0.21R

Balancer Finance pulled back to wedge support against Bitcoin and kicked us out before bouncing.
So far it seems to be a bullish retest, we recommend to re-enter manually since it looks good vs U.S. Dollar as well!