BNBUSDT - LONG SETUP
BINANCE COIN is looking bullish, on the 4hr and 1hr timeframes we can clearly see price is consolidating in this nice triangle formation with the range tightening and coiling up for a breakout, on the 4hr we can also see price is still currently below the previous high so still bearish market structure on 4hr since the market has made its recent correction... so what we are waiting to see is a new higher high form above this 4hr resistance then on the retest we can look for an entry to long.
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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.