I do not believe that this needs much explanation. There is some risk here as BNB has been in a very long downtrend against BTC for quite some time, however, I believe that the FA, coupled with the TA here, makes it for a worthwhile bet. Stops can be relatively wide here IMO because BNB holds value beyond just trading it.
Not financial advice. Just learning how to chart!
Not financial advice. Just learning how to chart!
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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.