Binance coin closed the weekly chart with a candle formation that indicates a very important beartrap, giving an excellent buy indication with a target at the next important resistance level.
Buy recommendation Reasons:
1 - Formation of a penetrating doji indicating a beartrap in an important long-term support zone.
2 - Excellent risk-return ratio with target at the next relevant resistance.
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Buy recommendation Reasons:
1 - Formation of a penetrating doji indicating a beartrap in an important long-term support zone.
2 - Excellent risk-return ratio with target at the next relevant resistance.
For more analyses like this, follow our profile.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.