Binance Coin / TetherUS
Long
Updated

BNB - 580$ long entry

337
Pretty sure we will see another drop into 580$ coming hours, which should print this weeklys low. But I have to say I'm not interested in holding this position for too long (weeks to months).

BNB looked good after the breakout of the ascending triangle and I had a target of 1000$ (which could still happen), but I don't like the deep retest we are seeing right now, so just a swing trade for me :)

Stay safe!
Trade active
Let's see :)
Note
So far playing out nicely :)
Note
Now we had the second retest of 580$ as shown in the chart. Now optimal scenario would be a decent push above 612$ and consolidate over the weekend.
Note
Not liking this price action. Closed my long here. Will wait for weekly open.

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.