BNBBTC moving near support line and probably we will break down this line Also we already break down yellow support line and 2 time tested this line Target 0.0017 area
BNB. Ascending channel 20%. Work on a coin. Local uptrend
BNB is one of the most powerful coins among more than 2000 different types of menagerie of coins. The BNB coin is now in a global uptrend. A local uptrend has also begun, which has formed an upward channel. Channel in increments of +19 - 21%. Good place to make money. It is also very important that all potential movements are easy to predict in the future. Currently, trend trading within the channel is from support to resistance of the channel’s trend lines .
If the Binance exchange raises its price with bots on a similar formation as before, then perhaps with a breakthrough of the rising channel we will see a new maximum price. Sooner or later this will happen. If the Binance exchange does not cease to exist.
Entrance on a breakthrough or rollback after a breakthrough depending on what your trading strategy is and at what level the entrance will be.
When trading in the channel, the entry is at the bottom of the channel when confirming support.
SpartaBTC
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@SpartaBTC, Who uses Stop Loos - as the price rises, be sure to move them up taking into account the volatility of the instrument.
When trading in the Stop Loos channel behind the channel support line. But it is possible that they will knock it out if they make a false breakdown before growth.
SpartaBTC
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@SpartaBTC,
The first real target is to trade in the channel + 20% (maybe several times).
The second target is a breakthrough of the resistance channel in the region of 0.0033 (yellow level).
The third target is the previous high in the area of 0.0044 (this will be possible if the price consolidates above the level of 0.0033).
The fourth target is a new maximum price - 0.0061 or + 144% from the channel breakout zone.
SpartaBTC
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@SpartaBTC,
Adverse events if the local uptrend breaks - the target of the short is 0.0018-0.0020 (purple support line). Below I think they will not give.
In this trade, it is very important to follow the ascending trend line (green line).
SpartaBTC
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I am more optimistic.
Although I do not exclude such an option as unlikely
ThirdyDelosSantos
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im stuck @ 22400. hoping it will hit my target before dec.
btw, Thank you so much.