BNB/USD Long Trade Idea
Looks like Bnb is making a decent recovery after losing its gains.
Reasons To Consider A Long Position on Breakout & Close.
1. Potential Inverted Head & Shoulders Pattern Formation.
2. Trend Line resistance from 12th May might break after retest.
3. Decent Risk To Reward Ratio. RR 1:1.5 Short term. RR 1:3 Long term
4. Long Term Bull Structure above lows @ $186-$218.
Reasons To Consider A Long Position on Breakout & Close.
1. Potential Inverted Head & Shoulders Pattern Formation.
2. Trend Line resistance from 12th May might break after retest.
3. Decent Risk To Reward Ratio. RR 1:1.5 Short term. RR 1:3 Long term
4. Long Term Bull Structure above lows @ $186-$218.
Note
Trade active
Note
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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.