BNB
BNB dropped below my entry level from the previous idea, triggering my stop.
I am ready to reenter the trade. It just had a strong bounce of the previous floor, on strong volume. Price has moved back over the 5/20 MAs on the 4hr and they crossed bullish. With daily RSI and sRSI both low and curving up, plus downward momentum showing signs of exhaustion on the MACD I am starting to buy more BNB at this level down to that support (red horizontal).
A more conservative entry is to wait for the 5/20 bullish cross on the 12hr or daily, but with the horizontal support I am willing to enter earlier on this one.
If price crosses below that horizontal it could fall much further, so I will exit below that level and reenter above if necessary to preserve my BTC balance.
This is a swing trade and I am targeting previous ATH and new ATH shortly before the coin burn.
I am ready to reenter the trade. It just had a strong bounce of the previous floor, on strong volume. Price has moved back over the 5/20 MAs on the 4hr and they crossed bullish. With daily RSI and sRSI both low and curving up, plus downward momentum showing signs of exhaustion on the MACD I am starting to buy more BNB at this level down to that support (red horizontal).
A more conservative entry is to wait for the 5/20 bullish cross on the 12hr or daily, but with the horizontal support I am willing to enter earlier on this one.
If price crosses below that horizontal it could fall much further, so I will exit below that level and reenter above if necessary to preserve my BTC balance.
This is a swing trade and I am targeting previous ATH and new ATH shortly before the coin burn.
Nota
BNB trade going well, orders filled during the retrace that created this nice clean uptrend:Coin burn happened.
Possible breakout above previous high imminent. If the breakout fails and we retest the bullish trend, look for it to hold and create an ascending triangle.
Trade active. Targets are previous high, and then open.
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.