Youstanzr

BNB -34% correction is coming

Short
Youstanzr Updated   
BINANCE:BNBBTC   Binance Coin / Bitcoin
The RSI is indicating overbought which adding it up with the volume loss, indicates that the price is going down. Its wise to al least sell partially.

This idea is not to be considered a financial advice. I am just learning and practicing!
Comment:
strong support at 0.236 fib
closing under it will take us further down
Comment:
support broken. next support is at 0.382 fib which is unlikely to hold.
closing under it will take us to the first target
Comment:
Its going very well so far. Called it when everyone was bullish :)
Comment:
Its possible to enter partially as its the 3rd day with price steady at 0.382 fib
Comment:
Support did not hold at 0.382 fib. lets go to the first target :D
Comment:
Showing reversal, we might not see the first target. partial buy again until reversal confirmed
Trade closed manually:
Reversal confirmed. Full entry.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.