BNB Head and Shoulders

2022년 12월 20일

*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
  

2023년 1월 4일

액티브 트레이드

Order filled ✔️

2023년 1월 24일

거래청산: 스탑 닿음

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