BNBUSDT: A Bullish Setup or a Trap? Key Levels to Watch
Updated
Yello Paradisers! Have you noticed the recent move in BNBUSDT? 📈 Could this be the breakout we’ve been waiting for, or is a retracement lurking in the shadows? Let’s break it down.
💎BNBUSDT has recently formed an inverse head and shoulders pattern, which also aligns with a bull flag formation on the higher timeframe—both strong indications of bullish potential. However, as disciplined traders, we must remain cautious and consider all scenarios.
💎If BNBUSDT breaks out and closes a candle above the resistance zone, the likelihood of a sustained bullish move significantly increases. This would confirm the breakout and signal a potential rally.
💎On the other hand, the probability of a retracement remains on the table. Should this happen, we would look for a bounce from the bullish order block (OB). To further increase the probability in our favor, waiting for a bullish internal change of character (I-CHoCH) would be prudent before entering any positions.
💎However, in the case of a breakdown with a candle close below the Bullish OB, the entire bullish idea would be invalidated. If this happens, patience will be key—waiting for stronger price action at better levels will provide higher-probability setups.
🎖This is why, Paradisers, we emphasize the importance of strategy and discipline in trading. Whether it's a breakout or breakdown, sticking to your plan is the only way to achieve long-term success. Stay vigilant, stay patient, and always trade smart. 💪
MyCryptoParadise
iFeel the success🌴
💎BNBUSDT has recently formed an inverse head and shoulders pattern, which also aligns with a bull flag formation on the higher timeframe—both strong indications of bullish potential. However, as disciplined traders, we must remain cautious and consider all scenarios.
💎If BNBUSDT breaks out and closes a candle above the resistance zone, the likelihood of a sustained bullish move significantly increases. This would confirm the breakout and signal a potential rally.
💎On the other hand, the probability of a retracement remains on the table. Should this happen, we would look for a bounce from the bullish order block (OB). To further increase the probability in our favor, waiting for a bullish internal change of character (I-CHoCH) would be prudent before entering any positions.
💎However, in the case of a breakdown with a candle close below the Bullish OB, the entire bullish idea would be invalidated. If this happens, patience will be key—waiting for stronger price action at better levels will provide higher-probability setups.
🎖This is why, Paradisers, we emphasize the importance of strategy and discipline in trading. Whether it's a breakout or breakdown, sticking to your plan is the only way to achieve long-term success. Stay vigilant, stay patient, and always trade smart. 💪
MyCryptoParadise
iFeel the success🌴
Trade active
💎As predicted, BNBUSDT has delivered a solid 17% gain, hitting our targets with precision. If you’ve been following along, now’s the time to take smart action:
💎Book partial profits: Secure a portion of your earnings to celebrate this successful move.
💎Set your stop-loss to breakeven (BE): This ensures your remaining position is risk-free, giving it room to run further if the market continues upward.
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.