BNB breaks out the box; reverse H&S may appear
BNB broke the box high at 300, but is currently encountering resistance at 307.5.
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Strategies for breaking out of the box:
You can enter the market after breaking through 300.0, or wait to enter the market after breaking through 307.5.
Take Profit Price:
316.5
326.8
336.8
343.3
Stop loss price:
Box bottom point 256.7
Higher R/R ratio: 275.0
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If it successfully breaks through 336.8 or the target price of the box, BNB will have a reverse H&S pattern. The strategy at that time is as follows:
(1) Close the long order of the box and using the new funds to make the long order of reverse H&S. The stop loss levels set to 256.7, 275.0 or 300.0; the take profit levels are 395.4, 413.5, 431.6 and 490.2.
(2) Continue the bullish trend after breaking out the box, increase the position; the stop loss and take profit prices are the same as above.
-
-
Strategies for breaking out of the box:
You can enter the market after breaking through 300.0, or wait to enter the market after breaking through 307.5.
Take Profit Price:
316.5
326.8
336.8
343.3
Stop loss price:
Box bottom point 256.7
Higher R/R ratio: 275.0
-
If it successfully breaks through 336.8 or the target price of the box, BNB will have a reverse H&S pattern. The strategy at that time is as follows:
(1) Close the long order of the box and using the new funds to make the long order of reverse H&S. The stop loss levels set to 256.7, 275.0 or 300.0; the take profit levels are 395.4, 413.5, 431.6 and 490.2.
(2) Continue the bullish trend after breaking out the box, increase the position; the stop loss and take profit prices are the same as above.
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