Binance, BNBBTC broke out of its cup & handle pattern as you can see above. This is also at the point Binance went above the $10 mark, which is a key resistance level.
Can BNBBTC follow through?
If you want to daytrade this breakout, here our trade instructions:
Buy Area
0.0012000 - 0.0012200
If you missed the initial breakout, then don't try to chase but rather wait for a good pullback, let it cool off a bit and enter somewhere in the buy area for another leg up.
Profit Targets
1. 0.0012967
2. 0.0013760
Stop Loss:
0.0011483
Leave a comment if you have any questions.
And until next time, good luck with your trading!
Can BNBBTC follow through?
If you want to daytrade this breakout, here our trade instructions:
Buy Area
0.0012000 - 0.0012200
If you missed the initial breakout, then don't try to chase but rather wait for a good pullback, let it cool off a bit and enter somewhere in the buy area for another leg up.
Profit Targets
1. 0.0012967
2. 0.0013760
Stop Loss:
0.0011483
Leave a comment if you have any questions.
And until next time, good luck with your trading!
Trade closed: target reached
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.
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.