Evening Traders,
Today’s analysis – BNBUSDT – trading at a clear resistance where a rejection is plausible,
Points to consider,
- Price Action corrective
- Daily S/R Resistance
- Int Daily S/R Support ‘
- Pull back objective
BNBUSDT’s immediate price action is trading at a resistance, that being a key Daily S/R level, this allows for a bullish bias.
The immediate objective is the Int-daily S/R, rotating towards the lows will continue the overall range.
Overall, in my opinion, BNBUSDT is a valid short with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps,
Thank you for following my work
And remember,
“The mind is a fascinating instrument that can make or break you.”
― yvan Byeajee
Today’s analysis – BNBUSDT – trading at a clear resistance where a rejection is plausible,
Points to consider,
- Price Action corrective
- Daily S/R Resistance
- Int Daily S/R Support ‘
- Pull back objective
BNBUSDT’s immediate price action is trading at a resistance, that being a key Daily S/R level, this allows for a bullish bias.
The immediate objective is the Int-daily S/R, rotating towards the lows will continue the overall range.
Overall, in my opinion, BNBUSDT is a valid short with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps,
Thank you for following my work
And remember,
“The mind is a fascinating instrument that can make or break you.”
― yvan Byeajee
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Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
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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.
Join the Free Trading Group
Telegram: t.me/freetradingden 🔥
Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
partner.blofin.com/d/TheAlchemist
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Telegram: t.me/freetradingden 🔥
Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
partner.blofin.com/d/TheAlchemist
Stay sharp, trade smart.
— Team The Alchemist ⚔️
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.