Decision Time for Binance Coin (BNB)
- RSI at this low level is typically followed by
significant price increase (See Green Circles).
- A buy here could make sense with a tight stop
below the upward channel border. Equally on a break
of the border to the downside, you could short and set
your stop loss at the channel border.
- We are trending up in the channel but technically we are
not in a full uptrend as we are below the 200 day. Caution
advised.
As we are meeting the border of the channel now is a good time
to consider a position, place it, ENFORCE a stop loss and sit back and
see what happens next.
Best of luck, the parameters are set.
PUKA
- RSI at this low level is typically followed by
significant price increase (See Green Circles).
- A buy here could make sense with a tight stop
below the upward channel border. Equally on a break
of the border to the downside, you could short and set
your stop loss at the channel border.
- We are trending up in the channel but technically we are
not in a full uptrend as we are below the 200 day. Caution
advised.
As we are meeting the border of the channel now is a good time
to consider a position, place it, ENFORCE a stop loss and sit back and
see what happens next.
Best of luck, the parameters are set.
PUKA
Nota
Whilst BNB has chosen a direction price is currently sitting on the 200 week MA and I think this could provide an opportunity or a bounce.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.