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BNB 3x Short / Tether

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BNBUSDT.3S trade ideas

BNB/USDT 1DIntervalBNB/USDT on a one-day time frame. We will start by identifying a downtrend line from which we can see how the price has gone up and is currently struggling to stay above this level. Moreover, at this point we can see the formation of the Cap and Handle formation, which is characterized by a first large and a second smaller low, after which an upward price break can be observed. Moreover, the recent declines were caused by the bombardment of the media with negative information about the Binanc exchange, which lowered the valuation of the BNB token. Going further, when we unfold the fib retracement grid, we will see that the price has been rejected by a very strong resistance zone from $319 to $351, but if we return to it and the price goes up, the path towards the next significant resistance around $443 will open. Looking the other way, we will define the places of support in a similar way. And here we can see the first support at the level of $286, then we can determine the second support at the level of $253.7, which could potentially fill the formation. However, if the formation is broken, we still have a very strong support zone from $231 to $202. Please look at the RSI indicator, which shows a rebound towards the upward trend line, while the STOCH indicator shows a strong downward movement, which resulted in a small price movement on the chart, but there is still room to deepen the correction.
by cryptodailyuk
✴️ Binance Coin Correction Imminent28-December we have a very strong bearish candle: Long upper wick, small real body closing red near the session low. The entire up-move is an inverted correction; upwards ABC. We cannot count 5-waves up here, which means that this pair was weaker than most. The strong negative candle 28-Dec. is followed by multiple bearish close. The 1st January 2024 (Happy New Year) starts full red... Unless a miracle happens (Bitcoin Spot ETF launch?) this is going lower... And the SEC will delay everything again until they put CZ in prison. We don't know how far down it will go... Hope for the best, prepare for the worst. Namaste.
Short
by AlanSantana
12
Binance Coin can reach resistance line of channel and start fallHello traders, I want share with you my opinion about Binance Coin. Observing the chart, we can see that the price not long time ago made a strong upward impulse to 336 points, thereby breaking 326 and 297 levels. After this, BNB started to decline inside the downward channel, where it at once, after a strong impulse up, made a correction movement to the support line from the resistance line of channel, thereby breaking the resistance level, which coincided with the seller zone. Also, in the channel, the price made a fake breakout of the resistance line, after which it made an impulse down and continued to decline in the channel. Later, BNB rose to the resistance level again, and even tried to break it, but failed and in a short time declined to the support level, which coincided with the buyer zone. Near this level, BNB two times declined to the buyer zone, even declined lower this zone, and at the second try price turnaround and made a strong impulse up to the resistance line of the channel, which continues close at the moment. So, I think Binance Coin can reach this line and then start to decline to the support level. For this case, I set my target at the 305 points, which coincides near with the support level. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
2
🌟🔍 Binance Coin (BNB) Post-Pump Analysis and Strategies 📈🛑 🔺 BNB's Current Consolidation: After a significant pump from the entry point of $250, BNB is now in a resting phase. The next upward movement could potentially commence from around $350. 📊 Weekly RSI Approaching Overbought: The Relative Strength Index (RSI) in the weekly timeframe is nearing overbought territory, suggesting a possible rally towards $350. 🔐 Personal Holding Strategy: I am continuing to hold my previous BNB purchases and not moving my stop loss. I believe our entry point is strong, and in the event of a downturn, I plan to hold through for a potential bull run. 📈 Futures Trading Strategy: For futures, a long position can be considered after surpassing $324, but a large stop loss might not be advisable. 💼 Holding Without Profit Booking: I am not planning to book profits on my holdings as of now. 🚨 Market Caution: The overall market is at a point where a correction is likely, so it’s important to trade with proper capital management and definitely set stop losses. 🔑 Related Categories: Binance Coin (BNB) Post-Pump Behavior RSI Analysis Holding and Trading Strategies How are you adjusting your strategies in response to BNB's recent movements and the overall market situation? Are you holding, trading, or reassessing your positions? Share your approach! 💬🌐 #BNBStrategy #CryptoTrading #TradeCityPro 📚 Remember: Cryptocurrency markets are volatile. Always ensure to manage your investments wisely and stay informed about market trends! 🧠💼
Long
by tradecitypro
10
BNB: Resistance BreakoutTrade setup : Following a bullish break above $300 key level, price reached as high as $338 but got very overbought (RSI > 80). Now it’s pulled back to $300 support, which could be an attractive swing trade entry in Uptrend, with upside potential to $350. Stop Loss (SL) level at $285 (10% downside risk versus 20% upside potential for a 1:2 Risk-Reward Ratio). Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI > 55 (Bullish). Support and Resistance : Nearest Support Zone is $300 (previous resistance), then $260. The nearest Resistance Zone is $350.
Long
by altFINS
🔥BNB Will Dump: Everyone Expects It, Right?🤔Binance have not the best year according to the paid media. BTW, this is a largest and most regulated crypto exchange in the world, which have 100% proven reserves backed by BTC, stablecoins etc. The return of BNB inside the triangle will be a bullish signal. I recommend you to take a look on the Binance Coin weekly candle close. The targets are on chart. 💥 I think it is too early to bury Binance and BNB. What do you think? like❤️ and follow Check the links and get a BONUS🎁 from me👇
by Alex_Dehtiarov
3