Fire Sale on BNB
On the 4H TF we can see a Head and Shoulders pattern.
The target of this H&S is the 223 USD support level.
IF the 220 – 223 USD level doesn’t hold, next support levels are:
• 205 USD
• 182 USD
Be sure to take advantage of this opportunity.
I am still not posting a trade. I need more clarity. However, if you are a holder, I think that buying spot BNB at these prices is a golden opportunity to DCA. Start at 223 USD and increase position size if it dips further.
NFA
What do you think? Please share in the comments.
Best wishes to all.
The target of this H&S is the 223 USD support level.
IF the 220 – 223 USD level doesn’t hold, next support levels are:
• 205 USD
• 182 USD
Be sure to take advantage of this opportunity.
I am still not posting a trade. I need more clarity. However, if you are a holder, I think that buying spot BNB at these prices is a golden opportunity to DCA. Start at 223 USD and increase position size if it dips further.
NFA
What do you think? Please share in the comments.
Best wishes to all.
Order cancelled
Looks like the H&S pattern failed. Good thing I didn't post a trade.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.