BNBUSDTBNB Holding this Support For now and Backed by 200 MA on 4H and we can see the bounce from this Area
But Red Trendline is broke Down and for More Secure Position it must Close Above this line
if That Happens TPs would be $293-302 (TP1) / $330 TP2 for short term
Mid-term and long term TPs need another Analysis
What About Stoploss ?
if we fix above trendline one would be Close below trendline (false breakout) on 4h
and another (More risky) is Closing below Support Node (around $248)
But Remember I highly Recommend to Open a Position Once we Break above trendline
if You Open it Now You Simply Put yourself at more RISK
BNBUSDT
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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.