cedarfox
Long

BNBUSDT Binance Coin - Tether Buy opportunity

BINANCE:BNBUSDT   BNB / TetherUS
Binance Coin BNB available at Binance (of course :) ) It has recently broken upwards through some downward trend lines . You can buy this with BTC or USDT or other coins on the BNB exchange. There is upcoming resistance at the fib lines as pictured on the chart. Prices below are for USD but you can calculate with the currency you want to use

Entry $9.00 - $10.00
Stop Loss $8.75

Target 1 $13.03
Target 2 $15.35
Target 3 $17.66

Entered Position at $9.45

If BTC falls through support we can expect that BNB may also.

This is not advice to buy or sell, please do your own research to make your own investment decisions.
Trade closed manually: Closed trade due to BTC falling below support. BNB is holding up quite well and I will be looking for a re-entry
Trade closed: target reached: First Target Reached. I was able to do some in and out trading with this. I am looking for reentry again.
First Target Reached. I was able to do some in and out trading with this. I am looking for reentry again.
Reply
First Target Reached. I was able to do some in and out trading with this. I am looking for reentry again.
Reply
You could also have the stop loss be right below the lower trendline which is approx $7.82 at the present. If price goes to that support line and it holds up, it would be a great buying opportunity there.
Reply
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