BNB next couple of hours 12/1
Updated
After rally, price stopped at daily strong resistance forming double top. Visible on 1h RSI, Later 1h MACD crosses from above.
Entry 647, SL 652, conservative TP 633 - 2%
Entry 647, SL 652, conservative TP 633 - 2%
Note
Double top was confirmed by hammer candle on above average volume - anomaly indicating local price reversal.Trade closed: target reached
Good trade. Maybe too conservative, since there was no indicating of price reversal this could have been shorted to the bottom of the channel.
Related publications
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.