We're doing what we do best - Trade BNB ;)
BNB/USDT is finally reaching our desired accumulation zone, offering an exceptionally good risk to reward ratio at this point.
Key takeaways:
- Up-trending slope (1) has been working flawlessly since Mar '19, and we certainly expect some bounce from it at this point.
- Some of our followers may be doubtful about this trade looking at the Negative crossover between 10 & 100 EMA. We feel it's a lagging signal and the price has already reacted to it. However, we cannot rule out some resistance
at first few tests, which can be used for scalp trades.
- Testing Slope (2) looks highly possible at this point, and we would consider partial profit taking (subject to price action at the time).
- Feel free to accumulate anywhere in the support zone (marked green). Goes without saying, the lower the better.
- Stop recommended on the chart is on closing basis.
Refer to the chart for exact levels.
Key takeaways:
- Up-trending slope (1) has been working flawlessly since Mar '19, and we certainly expect some bounce from it at this point.
- Some of our followers may be doubtful about this trade looking at the Negative crossover between 10 & 100 EMA. We feel it's a lagging signal and the price has already reacted to it. However, we cannot rule out some resistance
at first few tests, which can be used for scalp trades.
- Testing Slope (2) looks highly possible at this point, and we would consider partial profit taking (subject to price action at the time).
- Feel free to accumulate anywhere in the support zone (marked green). Goes without saying, the lower the better.
- Stop recommended on the chart is on closing basis.
Refer to the chart for exact levels.
Trade active:
BNB looks set for a move.
Trade active:
We'll just stick to the trade plan as long as its intact. KYC Hack FUD could be another opportunity to buy!
Trade active:
Houston, we have a lift off.
Comment:
Ready for 33-35? :)
Blast from the past - keep an eye on the horizontal line from this chart that we posted earlier.