Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
BGB was stuck inside a range 0.17 and 0.22
As per my last video analysis (attached on the chart) we were looking for short-term buy setups inside the range.
🏹 BGB got even stronger and broke above the 0.22 resistance zone in green and kept moving higher for another 100% bullish movement.
Last week, we have rejected the 0.5 round number and now retesting the blue demand zone.
As per my trading style: as BGB approaches the demand zone 0.35, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly! ~Rich