FieryTrading

🔥 BNB Triangle Break Out At Hand

BINANCE:BNBUSDT   Binance Coin / TetherUS
Over the course of a week, BNB has formed a nice triangle pattern . Currently, BNB is trading near the bottom of said triangle, potentially breaking out of it soon.

With dominance rising and BTC trending down, the break out is edging to be a bearish one. Always keep a close eye on BTC when trading alts. Wait for a proper break out before trading said direction.

Happy trading!
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Comments

What is your rule for stop placement?
+1 Reply
Eniola_Dev VasilyTrader
@VasilyTrader, in my own opinion, if it break out above the resistance level the stop loss should be a little bit below the support and vise versa.
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great analysis
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I have similar expectations here bro!
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Clean and detailed analysis. Thanks for sharing your insights. 🙌
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thanks for sharing both considered Ass well
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nice work can you do IOTAUSDT thanks
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bnb will down to 280
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FieryTrading UnknownUnicorn18802220
@UnknownUnicorn18802220, Very possible as long as BTC keeps falling
Reply