BinanceCoin (BNBBTC) Breakout LONG!
Im taking a long on BNBBTC due to a breakout of trendline resistance and a bullish divergence on the RSI. Stop loss at swing low and targeting 1:1 RRR as 1st target.
As always, I’m not a financial advisor, do your own research, and stay safe!
As always, I’m not a financial advisor, do your own research, and stay safe!
Note
Bnbbtc retesting resistance trendline as support. Needs to hold and bounce here for bullish breakout to be confirmed. If price breaks back within the channel, then most likely this was a fakeout and I will consider closing my long at a slight loss. If price is able to bounce next, the next key level to break is the high of the initial breakout, which is 0.009780.Trade closed: stop reached
Unfortunately stop loss hit.
Telegram Community: t.me/joinchat/RbV9ZyWrlQiKOhCw
Youtube Video Analysis: youtube.com/channel/UCPwR8Rv2YVI7qZIhedX7pQw
Youtube Video Analysis: youtube.com/channel/UCPwR8Rv2YVI7qZIhedX7pQw
Related publications
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.
Telegram Community: t.me/joinchat/RbV9ZyWrlQiKOhCw
Youtube Video Analysis: youtube.com/channel/UCPwR8Rv2YVI7qZIhedX7pQw
Youtube Video Analysis: youtube.com/channel/UCPwR8Rv2YVI7qZIhedX7pQw
Related publications
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.