Analysis: BNB bounced back as the whole crypto market did a small dip. At the same time the BTC market went down to test the 32-33k level (key level at my TA). I would like to mention here that I am using a fractal from march 2020, when we had the COVID-19 market crash, because the markets construction looks pretty similar. If the market will do a recovery similar like in March 2020 I won't close my long positions. So far I am still bullish on BTC and BNB will be a strong follower on the market.
Trade: LONG
Pair: BNB/USD
Market: Binance
Entry: 348$
S/L: 327.80$ (-5.77%)
1st target: 433$
2nd target: 485$
Expected profit at 2nd target: +39%
Trade: LONG
Pair: BNB/USD
Market: Binance
Entry: 348$
S/L: 327.80$ (-5.77%)
1st target: 433$
2nd target: 485$
Expected profit at 2nd target: +39%
Trade closed manually:
Trade closed, bull are weak