BNB/USD: short position
I see a short position in Binance coin right now in H4 timeframe.
Also, I will keep this trade until $206 USD, that will be my psychology target profit for this cryptocurrency. Also to share in my analysis, I see that MACD indicator make in the bar chart a higher low in the indicator indicating weakness in the market and also, continue the bearish trend.
Depending how the Daily candlestick closed up today, if closed up bearish signal, it's a good potential to short BNB in this timeframe and follow the trend toward $206 USD.
I will replace this rade for Oil price that drop and got some loss in my trade and swing trade, for that, I decide to closed up as I know that Oil will crash to $100 USD.
Good luck!!!
Also, I will keep this trade until $206 USD, that will be my psychology target profit for this cryptocurrency. Also to share in my analysis, I see that MACD indicator make in the bar chart a higher low in the indicator indicating weakness in the market and also, continue the bearish trend.
Depending how the Daily candlestick closed up today, if closed up bearish signal, it's a good potential to short BNB in this timeframe and follow the trend toward $206 USD.
I will replace this rade for Oil price that drop and got some loss in my trade and swing trade, for that, I decide to closed up as I know that Oil will crash to $100 USD.
Good luck!!!
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