BNB wait for entry

Jun 21

BNB has been consolidating around its current weekly support level for over a year.

Such prolonged consolidation often precedes a significant breakout. Accumulating at this key support zone could present a strong opportunity for long-term positioning.

For short-term trades, it’s best to patiently wait for price to trigger the setup outlined in the chart.

Disclaimer:
This analysis is based on my personnal views and is not a financial advice. Risk is under your control.

Jun 22

Trade active

Entry at $610

Jun 24

Note

* +5% from entry
* First TP
* Move SL to entry

Jul 2

Note

+9% since entry
The channel was broken

Jul 5

Note

Close most of the position here.
BTC faces selling pressure/news and close to strong resistance

Jul 11

Trade closed: target reached

Target reached R:R =5 trade successfully done