BNBUSDT: Trading Setup for Buyers

It is a trading setup that is based on a breakout above the nearest resistance zone. The price moved above SMA200 and we can expect a new uptrend. For this, the price will have to move above26.00$ and stay above SMA200 in the 4H timeframe.

Here is an example of a long trade:
Buy above 26.25$
Stop below 23.75$
Profit Target at 33.00$

Risk per trade must be no more than 5% of the capital.

I shared with you a possible setup for trading. It doesn't mean that the price will move upward. But we don't have a goal to be right all the time. If you have good knowledge and experience, you will be able to get benefits from this post. If you don't have knowledge and experience, you will fail with this setup and any other setups. Do your own research and follow your trading plan!



Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.