Hello everyone, let's take a look at the 4H BNB to USDT chart as you can see the price is moving in the local downtrend channel.
Let's start by setting goals for the near future that we can consider:
T1 - $ 319
T2 - $ 321
T3 - $ 323
T4 - $ 325
and
T5 - $ 329
Now let's move on to the stop loss in case of further market declines:
SL1 - $ 317
SL2 - $ 315
SL3 - $ 313
SL4 - $ 311
and
SL5 - $ 309
Looking at the CHOP indicator, we can see that there is a lot of energy in the 4H range and the MACD indicator confirms the local downward trend.
Let's start by setting goals for the near future that we can consider:
T1 - $ 319
T2 - $ 321
T3 - $ 323
T4 - $ 325
and
T5 - $ 329
Now let's move on to the stop loss in case of further market declines:
SL1 - $ 317
SL2 - $ 315
SL3 - $ 313
SL4 - $ 311
and
SL5 - $ 309
Looking at the CHOP indicator, we can see that there is a lot of energy in the 4H range and the MACD indicator confirms the local downward trend.
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.
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.