$W 👈 Tap here for the real futures chart, the tag at the bottom shows the spot chart
🔴 Short setup
Entry zone: 0.023793
Stop loss: 0.025812
Take profit: 0.019756
R:R 1:2
W is among the top gainers on Binance futures, +35% in 24h, after a 77% push from 0.013602 over 5 days. Retrace of 37%, then price went back up for the old high. The inducement at 0.019756 is still untouched. The new high at 0.024083 got rejected and price is back near 0.023328 without going anywhere close to 0.019756. Stop 0.025812, target 0.019756. Risking 8.49% for roughly 2 times that.
🔴 Short setup
Entry zone: 0.023793
Stop loss: 0.025812
Take profit: 0.019756
R:R 1:2
W is among the top gainers on Binance futures, +35% in 24h, after a 77% push from 0.013602 over 5 days. Retrace of 37%, then price went back up for the old high. The inducement at 0.019756 is still untouched. The new high at 0.024083 got rejected and price is back near 0.023328 without going anywhere close to 0.019756. Stop 0.025812, target 0.019756. Risking 8.49% for roughly 2 times that.