hi traders
Today we are analysing BNB on 4 hour timeframe.
BNB appears to be reversing from a prior downtrend. It is now consolidating below the resistance line indicating potential accumulation.
This can be a bullish structure as it has higher lows and tests the resistance zone which may result in pressure building for a breakout. Enter when you see the breakout occurring or you can wait for the breakout and the retest of the new support.
By doing this we have a risk reward ratio of 4.59 .
Today we are analysing BNB on 4 hour timeframe.
BNB appears to be reversing from a prior downtrend. It is now consolidating below the resistance line indicating potential accumulation.
This can be a bullish structure as it has higher lows and tests the resistance zone which may result in pressure building for a breakout. Enter when you see the breakout occurring or you can wait for the breakout and the retest of the new support.
By doing this we have a risk reward ratio of 4.59 .
💥 Free signals and ideas ➡ t.me/vfinvestment
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.
💥 Free signals and ideas ➡ t.me/vfinvestment
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.