Trade ideas
💡Don't miss the great buy opportunity in BNBUSD @binanceTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (648.8).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. BNBUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 59.
Take Profits:
TP1= @ 663.1
TP2= @ 670.3
TP3= @ 690.0
TP4= @ 710.0
TP5= @ 730.0
SL= Break below S2
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BNB PRICE ACTION ANALYISIS. BEARISH BAT PATTERNBNB is nearing a supply zone/PRZ. It could retrace onto the support trendline before breaking the all-time high.
Observe the price action if the price corrects from the supply zone bounces off the trendline. Buying can be done at the trendline or near 510.
The 640-695 zone could be a very tough zone to break and a false breakout might happen, get the volume confirmation on the breakout.
Happy trading :)
This is just for educational purposes.






















