Binance Coin At Resistance, Medium-Risk 5X SHORT—246% Potential
Updated
Binance Coin is in the same situation as Bitcoin but the chart reveals more strongly the potential for a new drop, a lower low.
Binance Coin (BNBUSDT) clearly peaked with the June 2024 fake breakout and we know that after the peak and correction comes.
The 5-August drop wasn't a real down-wave but more of a strong shakeout move. The strong recovery afterward didn't allow for the market to settle, indicating that additional bearish action is coming.
Below the full trade-numbers:
➢ SHORT BNBUSDT
Leverage: 5X
Entry levels:
1) $620
2) $590
Targets:
1) $575
2) $555
3) $525
4) $490
5) $465
6) $415
7) $385
8) $303
Stop-loss:
Adjust to your own risk tolerance
Potential profits: 246%
Capital allocation: 3%
___
Leveraged trading is for adults.
Adults are responsible for their actions.
If you win money, the money is yours.
If you lose money, the loss is yours.
I am wishing you success.
I belief, based on timing and the duration of the consolidation phase, that this is a high probability trade.
Thank you for reading.
Namaste.
Binance Coin (BNBUSDT) clearly peaked with the June 2024 fake breakout and we know that after the peak and correction comes.
The 5-August drop wasn't a real down-wave but more of a strong shakeout move. The strong recovery afterward didn't allow for the market to settle, indicating that additional bearish action is coming.
Below the full trade-numbers:
➢ SHORT BNBUSDT
Leverage: 5X
Entry levels:
1) $620
2) $590
Targets:
1) $575
2) $555
3) $525
4) $490
5) $465
6) $415
7) $385
8) $303
Stop-loss:
Adjust to your own risk tolerance
Potential profits: 246%
Capital allocation: 3%
___
Leveraged trading is for adults.
Adults are responsible for their actions.
If you win money, the money is yours.
If you lose money, the loss is yours.
I am wishing you success.
I belief, based on timing and the duration of the consolidation phase, that this is a high probability trade.
Thank you for reading.
Namaste.
Trade active
The daily timeframe reveals a clear start to a new down-move. This can be a big one.
Remember that there is always risk involved. This is not financial advice.
Maximize profits.
Reduce greed.
Reduce risk.
Maximize stability.
Play it in-between.
Not maximum leverage but not the lowest either. Halfway through.
Note
Targets:
1) $575 |Hit 23-Oct. (+18%)
2) $555 |Next target
3) $525
4) $490
5) $465
6) $415
7) $385
8) $303
Trade active
The second target has been hit.
Many more left.
Targets:
1) $575 |Hit 23-Oct. (+18%)
2) $555 |Hit 3-Nov. (+34%)
___
3) $525 |Next target (+60%)
4) $490 (+89%)
5) $465 (+110%)
6) $415 (+152%)
7) $385 (+177%)
8) $303 (+246%)
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