TheSignalyst

BNGO - Wait For The Trigger!

Long
NASDAQ:BNGO   Bionano Genomics, Inc.
Hello everyone, if you like the idea, do not forget to support with a like and follow.

BNGO is approaching a support area so we will be looking for buy setups on lower timeframes.

on H1: BNGO formed a valid channel in red and a reversal pattern. But it is not ready to go yet.

Before we buy, we want the buyers to take over.

Trigger => Waiting for a momentum candle close above the gray area to buy.

Meanwhile, until the buy is activated, BNGO would be overall bearish can still trade lower.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich

This analysis is done using RichTL
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