BNB - A CORRECTION BEFORE ATH?

TRADE:: BNB_1
STATUS:: CONTEMPLATiNG (DIDN'T PLACE A TRADE YET)

TYPE:: SHORT
SIGNAL:: TREND EXHAUSTION + MFI DIVERGENCE
FILTER:: OBV + PRICE

VOLUME:: $1500
ENTRY:: 29.75 OR SOMEWHERE AROUND 31
TP:: 20%
SL:: 1,68% / 2,5%
RRR:: 13
RISK:: 25
REWARD:: 300

PROS::

1. BTC LOOKS LiKE IT GOES TO FiLL THE GAP AT 11 095. iT MIGHT ALSO FiLL THE GAP AT 9 600
2. PRICE REJECTION AT 31.87, TREND REVERSE (AT LEAST SHORT TERM)
3. MFI MOMENTUM iS BROKEN

CONS::

1. MFI > 50, JUMPiNG iN TOO EARLY
2. GREEN ICHI SUPPORT
3. IF iT IS JUST A SHORT PULLBACK I MUST BE READY TO SWiTCH BiAS

TIP::
WAIT FOR OBV CONFIRMATION

OVERALL:: WE ARE ON A CUTTING EDGE BETWEEN LONG TERM BULL CYCLE AND SHORT TERM BEAR CYCLE.

Note

OBV iS GOiNG DOWN, CONFIRMiNG SELLiNG PRESSURE. I PLACED MY ENTRY BELOW THESE WiCKS

Note

Note

LOOKS LiKE MFI AND OBV GOT SYNCED, THAT TELLS ME THAT THiS TRADE HAS A GOOD POTENTIAL

Note

LUCKILY PRICE DIDN'T TRIGGER MY ORDER, SINCE IT WAS PLACED A LITTLE BIT LOWER IN CASE OF FALSE BREAKOUT AND THiS TYPE OF FILTERING WORKED FOR ME AS ALWAYS WELL

Note

I MAY CONSiDER TO GO SHORT FROM HERE SINCE MFI AND OBV FiNALLY ARE GOiNG iN THE SAME DiRECTiON

Note

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