BinanceCoin (BNBBTC) Breakout LONG!
Updated
Im taking a long on BNBBTC due to a breakout of trendline resistance and a bullish divergence on the RSI. Stop loss at swing low and targeting 1:1 RRR as 1st target.
As always, I’m not a financial advisor, do your own research, and stay safe!
As always, I’m not a financial advisor, do your own research, and stay safe!
Comment
Bnbbtc retesting resistance trendline as support. Needs to hold and bounce here for bullish breakout to be confirmed. If price breaks back within the channel, then most likely this was a fakeout and I will consider closing my long at a slight loss. If price is able to bounce next, the next key level to break is the high of the initial breakout, which is 0.009780.Trade closed: stop reached
Unfortunately stop loss hit.
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