BINANCE: BNB/USDT ( scalp opportunity? don't rush in)
Binance always been a leader in crypto exchanges even when it was young. now with every day development and new partnership and sponsorship in valuable project it successfully gained more attention from investors.
with a good supply control acting as inflation control i can see it can survive another bear market and will become more valuable in coming years. recently Binance completed its 20th Quarterly BNB Burn via auto bnb auto burn procedure. despite all other fundamental reasons to be bullish on BNB for long term i can see some positive movements in ltf that will cause a bounce in price for almost 30% quick profit.
Range high taken at 240$, bearish trend line broken and overall market bounce are some positive signs for BNB. on the other hand we can see 240$ left untapped and RSI, CCI, Stoch RSI are in over bought in H4 signing that there will be a pullback soon. So i prefer to observe 240$ level for a possible spot entry and it clearly depends on H1 confirmation to get in. here is the trade i would like to open (always DYOR before opening any position)
🛒 Pair:
BNB/USDT 🛒
== SPOT==
⏰ 1401/04/26 ⏰
🕰 17/07/2022 🕰
Duration:
📈 SCALP - SHORT 📈
Ex: Binance
#90
🛒 Buy : 240 - 245 🛒
👉Sell Targets👈
🎯TP1: 253 🥉
🎯TP2: 259 🥈
🎯TP3: 269 🥇
🎯TP4: 279 🚁
🎯TP5: 293 ✈️
🎯TP6: 310 🚀
⛔️ SL: 230 by closing H4 below
with a good supply control acting as inflation control i can see it can survive another bear market and will become more valuable in coming years. recently Binance completed its 20th Quarterly BNB Burn via auto bnb auto burn procedure. despite all other fundamental reasons to be bullish on BNB for long term i can see some positive movements in ltf that will cause a bounce in price for almost 30% quick profit.
Range high taken at 240$, bearish trend line broken and overall market bounce are some positive signs for BNB. on the other hand we can see 240$ left untapped and RSI, CCI, Stoch RSI are in over bought in H4 signing that there will be a pullback soon. So i prefer to observe 240$ level for a possible spot entry and it clearly depends on H1 confirmation to get in. here is the trade i would like to open (always DYOR before opening any position)
🛒 Pair:
BNB/USDT 🛒== SPOT==
⏰ 1401/04/26 ⏰
🕰 17/07/2022 🕰
Duration:
📈 SCALP - SHORT 📈
Ex: Binance
#90
🛒 Buy : 240 - 245 🛒
👉Sell Targets👈
🎯TP1: 253 🥉
🎯TP2: 259 🥈
🎯TP3: 269 🥇
🎯TP4: 279 🚁
🎯TP5: 293 ✈️
🎯TP6: 310 🚀
⛔️ SL: 230 by closing H4 below
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