TheSignalyst

BAKEBNB - Are We Going To Have That Break? Finally?

Long
BINANCE:BAKEBNB   BAKE / Binance Coin
As per my last idea (attached below), we were waiting for a new swing high to form around our upper red trendline to consider it our new trigger swing then buy on its break upward.

BAKEBNB formed that new swing high but before we buy, we want the buyers to prove that they are taking over again.
You don't want to buy a bearish market right?

Trigger => Waiting for a momentum candle close above the gray area to confirm the reversal.

Meanwhile, until the buy is activated, BAKEBNB would be overall bearish and can still dive inside the blue demand before going up, or even break it downward.

Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich
Comment:
This analysis is done using RichTL indicator
http://www.RichTL.com

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Comments

Clean and detailed analysis. Thanks for sharing your insights. 🙌
+1 Reply
TheSignalyst financialflagship
@financialflagship, thank you dear Alex!
Reply
thanks for sharing bro
+1 Reply
TheSignalyst ahmadawada
@ahmadawada, ahmad :D:D
Reply
Thanks rich
+1 Reply
@Nizar68, nizar :D:D
Reply
Great call mate !
You done well just like always.
Really appreciated for your nice work :D
+1 Reply
@Helical_Trades thank you brother Helical
Reply
very clean for the reversal price action :) thx
+1 Reply
@jojofang0901 thank you so much Gentleman
Reply
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