Risk management trading idea on a booming Binance Coin
Updated
BNB has been booming and it does not show any sighns it might stop soon. While the rest of crypto world is trading sideways, BNB has a huge bull run, which is grabbing peoples attention. There are no sighns it might stop. Tracked from the previous support zones I have set up this 2.25 Risk-Reward ratio trade. We might currently be at the lowest short term price.
This is not trading advice, just my personal opinion.
This is not trading advice, just my personal opinion.
Note
Stop price is 14.35 USDT and collect profit 16.5 USDTTrade active
As always it is smart to put a small buffer bellow the last resistance (for 14.5, the buffer was of 0.15 . That way we saved our trade and are booming uptrend.Trade closed: stop reached
Trend reversal took place
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