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BNB/USDT: Enter on Bullish Consolidation Break, Buy Stop at $625

Long
Binance Coin / TetherUS (BINANCE:BNBUSDT)  
IamForexTrader_com Updated   
BINANCE:BNBUSDT   Binance Coin / TetherUS
Wedge Triangle
10
0
wedgepattern triangle
BNB/USDT has displayed a bullish consolidation pattern and is now poised for an upward breakout. A buy stop order is set at 625 to capture the breakout from this consolidation, targeting a favorable risk/reward ratio of 1:2. This strategy anticipates a significant upward movement as BNB/USDT aims to reach higher resistance levels. Monitor closely for the activation of the buy stop as it indicates strong buyer momentum, positioning for a potential rise towards our calculated target.
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Comment:
We finally got a breakout. Let's keep watching
Comment:
If someone didn't have time to enter the trade earlier, you can do so now
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