BNBUSDT Inverse Head and ShoulderBNBUSDT (1H Chart) Technical Analysis Update
Inverse Head and Shoulder
BNB/USDT currently trading at $544
Buy-level: $538- $545
Stop loss: $508
Target 1: $571
Target 2: $590
Target 3: $610
Max Leverage: 3X
ALWAYS KEEP STOP LOSS...
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Bnbusdtsignal
BNB good buy setup? 🏮Hello Traders. Hope every thing is fine.
Today I want to share my thoughts on BNB. As you can see BNB has broken out of the triangle and has managed to pullback to it and tested the triangle
as a support. So in my opinion you can open a nice long position here with the target of 421$ and stop loss at the bottom of the previous candle ( 284$ ).
🚩 Always remember to put stop loss for your orders in order to reduce the risk of your trades.
🚩 Always keep an eye on BTC chart as well because it can affect the movement of altcoins as you all know my dear traders.
If you want to check out my other analysis , I have linked them below and also don`t forget to follow me for further updates and new analysis.
Thank you guys for reading my idea on BNB and don`t forget to comment what you think. ✌
BNBUSDT - do you believe in growth?such a triangle breaks down?
pressure on support is increasing
You will learn the best place where we can trade this instrument at low risk.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
BNBUSDt- Falling Wedge
When a security's price has been falling over time, a wedge pattern can occur just as the trend makes its final downward move. The trend lines drawn above the highs and below the lows on the price chart pattern can converge as the price slide loses momentum and buyers step in to slow the rate of decline. Before the lines converge, price may breakout above the upper trend line.
When price breaks the upper trend line the security is expected to reverse and trend higher. Traders identifying bullish reversal signals would want to look for trades that benefit from the security’s rise in price.
BNBUSDT Local movement (long)Everything on the chart.
open pos: market or try to open a position closer to the edge of the channel
Stop under chanel ~15.1$
profit area 18.1+-0.2$
Risk 1 to 3
Good luck.
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