I update the view for BNB as follow:
- Market made a failed breakout and the bearish impulse candle got reversed.
- Price made a nice break from the bearish channel and approaching its resistance.
- It was in the last No trade zone showing a bit consolidation ahead.
- I kept the bullish view and look for buying at the lower zone
- Potential Double bottom forming
- 1:2 RR trade
Exit when:
- Breakout from last low made yesterday, flat and wait for other chances.
- Manage your Stoploss and Volume wisely to tailor your Risk per trade
- Market made a failed breakout and the bearish impulse candle got reversed.
- Price made a nice break from the bearish channel and approaching its resistance.
- It was in the last No trade zone showing a bit consolidation ahead.
- I kept the bullish view and look for buying at the lower zone
- Potential Double bottom forming
- 1:2 RR trade
Exit when:
- Breakout from last low made yesterday, flat and wait for other chances.
- Manage your Stoploss and Volume wisely to tailor your Risk per trade