Long

[MAP] BNB USD / BNB BTC short term

Updated

Re-upload of my previous idea that got hidden because of being against House rules (mentioned a social media). Have not changed my area zones. Added BNB BTC chart with key values

Once again, BNB got rejected. For those who read it before it was shut down, I said I will always keep a decent amount of this coin because of its -50% fees for altcoin trading.
Turns out, the buy signal is given once again despite bitcoin's dump

Risky trade in a downtrend and this is late but we are in a range, and altcoin perform well in range

risk medium, reward high. Better wait for a pullback on BNB USD **or** a breakout upward of the red line on BNB BTC

This is not investment advice, trade at your own risk

Note

Taking a profit at 15.2$

More up expected

Trade closed: target reached

Took a big profit when we hit the red square (BNB BTC reached target before BNBUSD), which was a bit more than 17$

Rest put on stop loss to lock more profits, and let it run in case we switched bullish, until we see bitcoin serious weakness or get stopped

Trade closed: target reached

Taking a last profit at 17.1$ after re entering on the 3 rebound off the blue box at 13.8$

I think the swing trading of that zone is over. Waiting to see the next real big move

Note

Note :

price vs BTC is 0.0025

Nidalas

Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.