BNB has been holding his value pretty good compared to other alt coins and now it is retesting a key support line if in a case this area acts as a support we could anticipate a rise for this coin to next resistance level which is shown on the graph
the key price we should keep an eye on is 328$ if BNB breaks below this line it would get harder to break through this resistance in future
The strategy behind opening any position is to make sure your win/loss ration is 3/1 i.e TP should be 10% and your stop loss 3%
I suggest you do the same, so if you do 10 trades you only need 3 of them to be successful to gain a profit on your whole trades
the key price we should keep an eye on is 328$ if BNB breaks below this line it would get harder to break through this resistance in future
The strategy behind opening any position is to make sure your win/loss ration is 3/1 i.e TP should be 10% and your stop loss 3%
I suggest you do the same, so if you do 10 trades you only need 3 of them to be successful to gain a profit on your whole trades
Comment:
We almost reached our first TP