As it can be seen in the chart, BNBUSDT is forming a symmetric triangle. For both cases of whether it breaks toward down or up, wait for re-test. Do not use leverage higher than 3x.
Short or Long positions should have at most 5% stop loss.
Not a financial advice.
Short or Long positions should have at most 5% stop loss.
Not a financial advice.
Note
BNBUSDT took his position to go up. However, The price movement in BTC didn't let this happen. Since the pullback (re-test) didn't occur, the TA is not valid. On the other hand, The lower side of the triangle can be used as up-trend line. If the price get closer to this line, there'll be opportunity to take a long position with 2% stop-loss.Note: Do not buy until it touches the trend line. Otherwise, your stop-limit has to be increased to 5%, which is not worth.
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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.
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.