Still I have same plan from day 1 and nothing changed. BNB is still moving within weekly range of 250 - 390 and still its under 300.
Its main support is 252 and if it breaks then 180 - 200 will be on board which is our final target. If it breaks 180 properly then I think 130 area can be tested but it depends on over all market and Bitcoin movement.
I will buy this coin at very low because this is manipulated coin of the market and keep in market its Binance own coin so whenever you try to sell it then use stop loss accordingly. One main point about this coin is whenever you see this coin is pumping then check its funding rate which will be 0.000% and most of the time it pumped at 0.000% funding.
For bullish it should break its main resistance at 390 while it can move within range of 214 to 390 maximum.
Remember till 390 its in bear flag and if breaks it upside then it will be invalid but right now there are minimum chances. According to me its still bearish for till 150 - 200.
One Month Chart
------------------------------
BNB has bear flag in weekly chart as well in monthly chart it is showing bear flag. Its also showing the same result as in weekly chart.
BNB Supports are : 327, 289 and 250
BNB Resistance are : 357, 389 and 438
Note
Please never follow anyone blindly and always remember following key points:
1- First and Last thing in trading is patience.
2- Risk management in trading is a Key so use your money accordingly.
3- Please Don't think I'm always right. I could be wrong, same as every other trader.
4- I always posted my thoughts, not financial advice.
5- Please use your mind and try to get knowledge about market. It will help you in future
Thank you and Good Luck!
Its main support is 252 and if it breaks then 180 - 200 will be on board which is our final target. If it breaks 180 properly then I think 130 area can be tested but it depends on over all market and Bitcoin movement.
I will buy this coin at very low because this is manipulated coin of the market and keep in market its Binance own coin so whenever you try to sell it then use stop loss accordingly. One main point about this coin is whenever you see this coin is pumping then check its funding rate which will be 0.000% and most of the time it pumped at 0.000% funding.
For bullish it should break its main resistance at 390 while it can move within range of 214 to 390 maximum.
Remember till 390 its in bear flag and if breaks it upside then it will be invalid but right now there are minimum chances. According to me its still bearish for till 150 - 200.
One Month Chart
------------------------------
BNB has bear flag in weekly chart as well in monthly chart it is showing bear flag. Its also showing the same result as in weekly chart.
BNB Supports are : 327, 289 and 250
BNB Resistance are : 357, 389 and 438
Note
Please never follow anyone blindly and always remember following key points:
1- First and Last thing in trading is patience.
2- Risk management in trading is a Key so use your money accordingly.
3- Please Don't think I'm always right. I could be wrong, same as every other trader.
4- I always posted my thoughts, not financial advice.
5- Please use your mind and try to get knowledge about market. It will help you in future
Thank you and Good Luck!