BNB. I want to buy $ 9

Updated

BNB is in consolidation between 3 price zones. It is important to understand when the price will go locally, because I believe globally in the growth of this coin. If buyers can not break through the price zone of $ 14-15, there will be a chance to buy this coin at $ 9- $ 9.5 (Provided buyers do not keep strong price zone 12-12.5). The chart shows how the price is slowly turning over.
But if buyers try 14-15 dollars and will fix above - I will buy with targets 22.6 $ 28.3 $ 35.6 $

Note

BNB could not break 14.1-14.7 $. Therefore consolidation continues. Sellers aggressively return the price to 12 and will try to break through it. 13-13.2 is the middle of consolidation .. Temporary stop.

Note

BNB is traded in a triangle. We need to wait. However, the angle of attack of buyers is reduced. They are weak. I think now the initiative is being intercepted by sellers. Let's see if I'm right.

Note

BNB will continue to trade between two price zones: 12 - 12.4 $ and 14.2-14.7.
Now we are near the lower price zone. You can take risks and buy a BNB, but with a short stop. Ideal to try to buy in area 12. To go with minimal damage, if the fall continues. Because if this price zone is tested, the next stop is $ 11.

Note

A good trading on a BNB with a short stop (Stop loss at the bottom of the trend line of the orange channel).

Note

sellers broke the main price zone of the BNB. Now a possible test for this zone by buyers. If buyers do not pick this zone from sellers, I'll wait $ 9 BNB. in any case, I do not recommend buying it in the long run.

Note

9 $. a critical point in the BNB. The last liquid zone from which a powerful upward movement can begin. I'm waiting for the closure of a 12-hour candle.

P_S_trade

🎁 -20% on ALL trading fees OKX
okx.com/join/20PSTRADE

🔥V-I-P cutt.ly/PwkLhT56

👍Daily bitcoin reviews here💲 cutt.ly/3wnaaG4s

🔵Telegram t.me/pstrade_eng

Also on:

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.