BNBBTC 1D balling wedge breakout long setup
Updated
TA explained
BNBBTC is breaking out of a falling wedge at an area above previous lows which is very bullish.
Targets are previous highs and resistance zones.
Also BNBUSDT is looking strong and outperforming BTC is therefore very likely.
This setup can be traded in margin as well up to 5x leverage.
Trade setup
Best entries: 0.0017000 - 0.0017250
TP1: 0.0018421
TP2: 0.0018989
TP3: 0.0019990
SL: 0.0016183
RR: 3.14
Max leverage: 5x
—————
Do Your Own Research (of course)
Trade at own risk (of course)
Only trade what you can afford to lose (of course)
BNBBTC is breaking out of a falling wedge at an area above previous lows which is very bullish.
Targets are previous highs and resistance zones.
Also BNBUSDT is looking strong and outperforming BTC is therefore very likely.
This setup can be traded in margin as well up to 5x leverage.
Trade setup
Best entries: 0.0017000 - 0.0017250
TP1: 0.0018421
TP2: 0.0018989
TP3: 0.0019990
SL: 0.0016183
RR: 3.14
Max leverage: 5x
—————
Do Your Own Research (of course)
Trade at own risk (of course)
Only trade what you can afford to lose (of course)
Trade closed: target reached
All targets done with a nice 16.98% for the third target. Even more if operated in margin.
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