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Binance Coin (BNB) - October 16

BINANCE:BNBUSDT   Binance Coin / TetherUS
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As mentioned in the previous post, BNB expects to update New High as BTC prices are expected to rise.

If it falls below the uptrend line (2), I think trading is necessary to preserve profit and loss.

It is not recommended to enter the high section above the 29.84 point.



(1W chart)
We need to make sure we can get support at 29.84.

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** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.

Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop-Loss point or section
S: A point or segment that can be bought for profit generation as a support point or segment

(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment trading. You should trade from a short-term investment perspective.)

[Example of exchange chart setup]

(Binance)
www.tradingview.com/x/S94aDxa8

(Upbit)
www.tradingview.com/x/DF6cGh3G/
Disclaimer

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