BNBBTC - TA Fridays 06/03/2020
Ascending triangle into this resistance zone. If we have some solid bullish candles closing above this zone, look to enter long (if the triangle breaks, start looking for potential shorts instead).
Stop loss should be below the zone in case we have a little pullback/wicks to the downside.
First take profit is at daily resistance (2460), then next target is previous high (2570).
I would exit this trade early if the purple trendline broke with bearish candles (crossing below the 30EMA would be even more confirmation to get out).
This may take a day or two to present solid entry opportunities, and the trade itself could take 3-4 days to hit my first target.
Stop loss should be below the zone in case we have a little pullback/wicks to the downside.
First take profit is at daily resistance (2460), then next target is previous high (2570).
I would exit this trade early if the purple trendline broke with bearish candles (crossing below the 30EMA would be even more confirmation to get out).
This may take a day or two to present solid entry opportunities, and the trade itself could take 3-4 days to hit my first target.
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