BNB Long Game Plan
Updated
Hi all
This is my BNB Long Game Plan:
- Before entering, please watch the Bitcoin price aswell, and check if they are trading the same direction.
- Also, this is a RANGE play, a small trade between to clear levels. My general sentiment for the crypto market is very pessimistic, I will be having a close watch if I decide to play this range
Here is my detailed Game Plan:
- Price needs to stay within range for me to search an entry on this (Between 280 and 300)
- Smooth Price Action on entry chart (looking for a daytrade so lower timeframes)
- Reclaim of Red line is prerequisite for entry
- Push above Red line and and pull back on Red line
- Pull back on Red line, hold and reclaim would be entry signal
- Target 300
- Stop 280
Please follow me on Tradingview for more trades and ideas.
This is my BNB Long Game Plan:
- Before entering, please watch the Bitcoin price aswell, and check if they are trading the same direction.
- Also, this is a RANGE play, a small trade between to clear levels. My general sentiment for the crypto market is very pessimistic, I will be having a close watch if I decide to play this range
Here is my detailed Game Plan:
- Price needs to stay within range for me to search an entry on this (Between 280 and 300)
- Smooth Price Action on entry chart (looking for a daytrade so lower timeframes)
- Reclaim of Red line is prerequisite for entry
- Push above Red line and and pull back on Red line
- Pull back on Red line, hold and reclaim would be entry signal
- Target 300
- Stop 280
Please follow me on Tradingview for more trades and ideas.
Note
We should get a higher high in the range before the reclaim - Higher High at 295Note
I will also post a potential short scenario for BNB later today, so stay tuned!
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