BNX Long Position -1% Stop +10% Target. Lets Take a Look!
A positive divergence has formed between BNX daily RSI and price. If we count the black trend line coming from the bottom as the stop zone, this stop corresponds to 1% from the point I shared now, this risk grows with leverage. The risk for spot buying is 1%. If the black price line is broken in volume, its possible move will be as i pointed out to wave 5. In case of a daily closing or a voluminous exit above the black price line, secure the principal with a stop, so the risk will be reduced to zero. I wish you lots of luck.
NOTE: Pay attention to the 23,800 resistance in BTC. It is an important resistance, if there is a hard sell from that area and you noticed this chart late, do not force it to buy long or spot!
Don't forget to like the graphic!
NOTE: Pay attention to the 23,800 resistance in BTC. It is an important resistance, if there is a hard sell from that area and you noticed this chart late, do not force it to buy long or spot!
Don't forget to like the graphic!
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.