BNT/BTC (Breaking Trendline Support?)
BNT/BTC
-the daily uptrend must be over as the price starting to trade below the trendline
-if this daily candle closes bearish with an engulfing
-there is a high chance to retest the 50D MA and trendline support at 12800 range
-if you are looking for a bounce trade setup
-make sure there is a bullish reaction in within buy range
-to avoid catching a falling knife
-or if you want to be safe
-you can just wait for the 4H trend reversal
-because it will signal that the downtrend is over
-the daily uptrend must be over as the price starting to trade below the trendline
-if this daily candle closes bearish with an engulfing
-there is a high chance to retest the 50D MA and trendline support at 12800 range
-if you are looking for a bounce trade setup
-make sure there is a bullish reaction in within buy range
-to avoid catching a falling knife
-or if you want to be safe
-you can just wait for the 4H trend reversal
-because it will signal that the downtrend is over
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