BNB trade idea to the blow off top
Updated
Analysis: If we look at the chart of BNB we can observe a breakout from a weakly formed triangle, but the price action was dumped so far (fakeout-too early). I kinda have a feeling that the market needs to revisit its 50DEMA in order to move higher. I am not planning to open long positions until I can see a decent pullback to test the average.
Trade: Buy - wait until market goes down to the 475$ level at least.
Entry: 465$
1st target: 750$
2nd target: 950$
S/L: 625$
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Trade: Buy - wait until market goes down to the 475$ level at least.
Entry: 465$
1st target: 750$
2nd target: 950$
S/L: 625$
Consider to join our community to get more of this kind for Free.
community.protradersnetwork.com/...
#forextrader #forex #forextrading #forexsignals #forexlifestyle #trading #money #cryptocurrency #trader #bitcoin #forexmarket #forexlife #technicalanalysis #stockmarket #forexanalysis #forexmentor #daytrading #forexgroup
Note
Edit: S/L: 425Trade closed: stop reached
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