-We've failed to create a new weekly High, so I'd be expecting alot of longs to be taking profits and/or flipping short
-We're still in an overall Downtrend despite the recent Pump
-For those who haven't already got in there will potentially be another chance on the retest of the weekly downtrend, Don't FOMO
-If you're already in we can now either adjust stops to...
- The 8k area is where it originally dumped all the way to 3.6k , no doubt this is a significant area for sellers.
- Short placed just below 7800
- Stops above that supply zone on the left
- Goodluck everyone
Golds been a safe haven lately with the rest of the economy crapping the bed
-Waiting for rejection around that 1800 mark and then a retest to short , fairly wide stop so adjust trading size accordingly
-Absolutely could break this resistance and previous high's however I believe we do need to retrace before doing so
-Looking to move stops into profits on the way...
Im not even sure if this is right but my mate asked me to have a look at netflix , I think this baby has gone a bit too hard to fast and needs to slow down however is still a solid buy overall , loook for lucky dips around 240-260
I’ve said it before , and I’ll say it again BNB Is a strong coin . It travels it’s own trajectory and is barely affected by the BTC swings .
Currently being squeezed into decision time within the triangle, looking for long on the up break provided we get a bullish engulfing on the 4hr .
As always tight stops !
Keeping it simple is key. Either wait for confirmation with a bullish engulfing on the 1 hour candle for an entry. Or enter off the support with a tight stop.
4-1 Risk reward - first profit target @ .3194 .
Remember never set a take profit! Only a stop loss . Never limit your gains .
BNB has shown great strength as a coin , even in a sea of reds we still see strong demand for this coin.
Currently trading in an ascending channel on the 1HR Chart , we're looking to take a good long position on a bullish confirmation bounce of the lower support of the channel .