$ZEC/USDT 3h (Binance Futures) Symmetrical triangle breakout

Jan 19, 2021

Zcash has broken out of that symmetrical triangle which looks like a bullish pennant.

Current Price= 111.00
Buy Entry= 110.21 - 107.97
Take Profit= 114.58 | 120.69 | 128.97
Stop Loss= 103.60

Risk/Reward= 1:1 | 1:2.11 | 1:3.62
Expected Profit= +10.03% | +21.26% | +36.44%
Possible Loss= -10.03%

Fib. Retracement= 0.786 | 1 | 1.272
Margin Leverage= 2x
Estimated Gain-time= 120h

Jan 20, 2021

Trade active

All entries filled

Zcash dipped more than I expected honestly, but bounced back anyway and we are back outside the triangle!

Jan 20, 2021

Trade closed: stop reached

SL hit with -10.06% (2x)

And Zcash went for our Stop Loss after all, too bad, we'll catch it back another day!

Jan 20, 2021

Note

💡ZZEC/USDT 3h (Binance Futures) Symmetrical triangle breakdown [SHORT]

Since #Zcash broke-down I entered a risky short here...
MANUAL TRADE ONLY

Current Price= 103.45
Sell Entry= 104.04
Take Profit= 82.81
Stop Loss= 111.12

Risk/Reward= 1:3
Expected Profit= +20.41%
Possible Loss= -6.81%

Fib. Retracement= -0.5
Margin Leverage= 1x
Estimated Gain-time= 120h