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ArShevelev
Jan 3, 2018 6:02 PM

Binance Coin [BNBBTC] How to trade?! Short

Binance Coin / BitcoinBinance

Description

I see strong support levels on BinanceCoin.
  • How to trade BNB?

First of all, we should wait signal for further upward movement. How to get it?
  • - Look at chart Support Line (uptrend line, blue). If this line and Support Level 1 could hold selling pressure, we will see pullback from it, and a Signal of further uptrend movement.

For this case I have 2 Targets:
Target 1: 0.000903
Target 2: 0.001150


What will be if we see break of this Support Line?
  • - We will see fall to lower Support Levels 2-5.

On each level we can buy, and sell on previous support level.

Support Level 5 is a Strong Support, we can buy on it and hold BNB to get more profit.

RSI overbought and moving down on Daily chart. I expect it will be on bottom when we get to the Support Level 5.

Good Luck with your trades.

Comment

Going to target 1!!!

Trade active

Going to target 1!!!

Trade closed: target reached

Target 1 reached!

Trade active

Near Target 2!

Trade closed: target reached

Target 2 DONE!

Comment

Education: Look at resistance level! Price recently touch it and tested as support! now pullback 100% profit!
Comments
DecentFarts
Thanks! Have you been watching KCS (KuCoin Shares)? It has been a rocketship lately.
mstevv
@a.shevelev002
mstevv
Pullback to what level? Now is a good time to buy?
ArShevelev
@mstevv, you missed chance... look at price movement and learn now
dogalkozmatik
should I still use BNB as a fee discount or its better to hold it ? yes
Gawrysek
should I still use BNB as a fee discount or its better to hold it ?
Phathuynh1
Excellent!
komeil812
thanks expert man.it was nice
darealjakesh
What is Binance coin ? What's the point
golfwa55
what next ?
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