BNB/USDT Great Risk:Reward Ratio Trading Area
Just a beginner's view. BNB/USDT is very close to 240 and currently at the bottom of the channel. The chart is a pretty interesting one especially for short-term trader. If the price drops to 240, and there is a sign of reversal, it might rebound to the 285 or more.
Price target 285 / 300 / 340, Stop loss on 230.
A pretty great risk : reward ratio of 1 : 4.
Disclaimer on, this is only my personal analysis and meant to be shared for education and discussion only, trade only with your plan and if you're sure with it. Adjust the risk based on your risk profile.
Suggestions are welcomed. Thanks!
Price target 285 / 300 / 340, Stop loss on 230.
A pretty great risk : reward ratio of 1 : 4.
Disclaimer on, this is only my personal analysis and meant to be shared for education and discussion only, trade only with your plan and if you're sure with it. Adjust the risk based on your risk profile.
Suggestions are welcomed. Thanks!
Trade closed: target reached