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SOL / Binance Coin

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SOLBNB trade ideas

Trade Signal Alert: SOLBNBDirection: Buy Enter Price: 0.3384 Take Profit: 0.34436667 Stop Loss: 0.33156667 Attention traders! We have identified a potential buying opportunity for the SOLBNB pair using the EASY Quantum Ai strategy. This signal is based on a comprehensive analysis of market trends, historical data, and quantum computing techniques to ensure a high probability of success. The current market conditions exhibit strong bullish momentum, driven by increased investor confidence and positive market sentiment surrounding Solana's latest technological advancements and Binance Coin's steady adoption rate. The paired analysis reflects an upward trend supported by significant volumes, indicating the likelihood of price appreciation. By entering the market at an optimal price of 0.3384, traders can capitalize on this upward movement. The calculated Take Profit level at 0.34436667 ensures profit realization while balancing risk. Meanwhile, setting a Stop Loss at 0.33156667 provides a safety net to minimize potential downsides. Remember, the market can be volatile, and it's essential to manage risk wisely. Stay informed and trade responsibly using the insights provided by EASY Quantum Ai. Good luck, and happy trading!
Long
by ForexRobotEasy
Expecting short lived outperformance of SOL against BNBTLDR: short term play to flip BNB in SOL and back, as BNB seems to be stronger in the longer term -- Overview After a meteoric rise in the first half of 2021, SOL started to roll over in Sep '21, both in fiat term and against BTC. This trend is even more prevalent when observing the trading pair SOL/BNB. Technicals of the lower time frames, daily and hourly, are showing positive divergence, which suggests a local bottom is likely almost/already in place. A corrective rally is expected before the rollover resumes. While a counter trend rally is generally difficult to trade, this one seems to have a very favorable R:R (>5) in BNB term. EW interpretation SOL has arguably shown 5 waves down, with 1.618 and 0.854 extensions (blue fibs) being hit respectively by the end of wave 3 and 4. Wave 5 missed the 2.854 extension by a hair and came right into 0.5 retracement of the 2021 rally. Assuming the counter trend rally has already started, it would typically get back to 0.382-0.618 retracement of the blue 5 waves, i.e. 0.2-0.3 BNB. The centre of this target range, 0.5 retracement or 0.25 BNB, also coincide with a huge spike on the volume profile, as wel with the blue 1.236-1.382 extension. Even at the lower end of this target range, 0.382 retracement or 0.2 BNB, R:R (>3) is still quite favorable. Risk assessment One should consider this trade only if you want to accumulate BNB, as both alts can lose value in fiat or BTC term dramatically. This thesis will hold as long as BNB is the less ugly one. Placing the stop just under the blue 2.854 extension, if hit, loss will be 16% in BNB term.
Long
by EuroStockOption