TradingView
saoraghavendra
Feb 22, 2021 2:18 PM

BNB wave Long

Binance Coin / USDFTX

Description

we can buy near 200 mv and the stop loss will be below 200 on an hour closing basis for trade a final 5th wave. also if descending triangle break upside then the 5th wave can be confirmed

don't take much positions because BTC also getting retracement

Trade active

the trendline is broken and now also getting confirmation candle, now will hold with sl of $234 in closing basis (Hour candle)

T1 - $300
T2 - $350

above $350 final target will be $450

for entry can initiate half position and a half on re-test of BD trendline with SL of $234

Trade closed: stop reached

Comments
Pramodr03
Do you have any recent updates for BNB USD?
saoraghavendra
@Pramodr03, for now just wait for the upside breakout (B & D tradeline), will update if get upside breakout then take the position for 5th wave

for now, if u took a position near 200 ma then just exit because 200 ma is breaking in 1 hour,
saoraghavendra
mention 200 is 200 simple moving average on the closing basis
saoraghavendra
for the safer side, if macd gives an uptick u can take the position near 200 ma
More