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Binancefutures

BNB/USDT- Plotting Key Levels for Short and Long-Term Profits ? Introduction: In this BNB/USDT technical analysis, we'll examine critical price levels and potential scenarios for Binance Coin (BNB) against the US Dollar Tether (USDT). Liquidity Sweep Area - 145-160 USDT: The first key aspect to address is the liquidity sweep area, which encompasses the price range of 145-160 USDT. Liquidity sweeps often serve as precursors to major price movements. Traders should closely monitor this range as it could act as a pivot point for future price action. Accumulation Opportunity at 145-160 USDT: Within the 145-160 USDT range, we identify a promising opportunity for short-term accumulation. For traders seeking short-term gains, this area offers a potential entry point to buy BNB. Market Structure and Long-Term Potential: If the price rallies and a market structure breakout occurs in the 230-250 USDT range, it could indicate a shift in the long-term trend. In such a scenario, a retracement to the 200 USDT level may present an excellent long-term buying opportunity. Traders and investors should watch for confirmation of this breakout. Potential Target at 300 USDT: Should a market structure breakout occur around 230-250 USDT, with subsequent retracement to 200 USDT, the setup could lead to an exciting long-term opportunity. In this context, a potential target for BNB might be around the 300 USDT mark. In conclusion, the BNB/USDT technical analysis highlights the significance of the liquidity sweep area at 145-160 USDT as a potential short-term accumulation zone. Additionally, traders should keep a close eye on the 230-250 USDT range for signs of a market structure breakout, which could create a long-term buying opportunity with a potential target at 300 USDT. Cryptocurrency markets are highly volatile, and it's essential to conduct your research and consult with a financial advisor before making investment decisions.
by Un_trade
Binance coin forming a double top patternBinance coin has been forming green candles on weekly time and has formed a perfect doji above its 20 ema. On the daily chart analysis, the coin is consolidating near the resistance zone and 200DMA. The coin is trading between its 20 and 200 ema on daily time frame. A clear rejection is there near the resistance zone. Coin is trading and taking support from its 200 ema on hourly time frame. Wait for a close below 315 level on the daily time frame. Good risk to reward ratio is there if the coin starts to dip. Wait and watch the price action before shorting the coin.
Short
by Mambotrade
XRPUSDT SHORT TRADEThanks for coming by to this update. Before you start reading please hit that like button its free for you but precious for me. It motivates me to keep making such valuable contents for you all for free. It takes hours of research and attention. Thanks Let's get to the chart. Guys firstly I need you to understand, TA is the perfect way to speculate the future price movements. Taking trades on the basis of TA is mostly profitable. So do not take any decision with emotions. XRPUSDT GOOD TO SHORT 0.1800-0.1775 TRIANGLE BREAKDOWN IS POSSIBLE TO BREAK AND TARGET SHOULD 0.12800 (28.89%) STOP LOSS : 0.2070 (15%) Do hit that like button and share your views in the comment section.
Short
by MA_EX