As seen in the related idea, UNIUSD is trending up. BNBUSD now joins it. Why? Binance has the decentralized exchange Pancake swap, which just hit all time highs in volume.
As we can see in the chart, BNBUSD has been consolidating back and forth between long (green) and short (red) positions. But now it's back on the uptrend with range expansion to the upside! It's possible the market continues to go through boring consolidation, and it's also possible we hit all time highs. Only one way to find out! Place your bet, manage your risk.
Stats are from 1/1/2020 to current using ~2% risk per trade.
As we can see in the chart, BNBUSD has been consolidating back and forth between long (green) and short (red) positions. But now it's back on the uptrend with range expansion to the upside! It's possible the market continues to go through boring consolidation, and it's also possible we hit all time highs. Only one way to find out! Place your bet, manage your risk.
Stats are from 1/1/2020 to current using ~2% risk per trade.
Trade closed: stop reached
Woof. BNB went ugly! Stopped out.
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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.
Related publications
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.