BNB has been holding his value pretty good compared to other alt coins and now it is retesting a key support line if in a case this area acts as a support we could anticipate a rise for this coin to next resistance level which is shown on the graph
the key price we should keep an eye on is 328$ if BNB breaks below this line it would get harder to break through this resistance in future
The strategy behind opening any position is to make sure your win/loss ration is 3/1 i.e TP should be 10% and your stop loss 3%
I suggest you do the same, so if you do 10 trades you only need 3 of them to be successful to gain a profit on your whole trades
the key price we should keep an eye on is 328$ if BNB breaks below this line it would get harder to break through this resistance in future
The strategy behind opening any position is to make sure your win/loss ration is 3/1 i.e TP should be 10% and your stop loss 3%
I suggest you do the same, so if you do 10 trades you only need 3 of them to be successful to gain a profit on your whole trades
Note
We almost reached our first TP
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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.