BNB has as expected taken out 230$ and is currently sitting around the lower part of our trading range (red range). Hope some of you took the trade idea !!
Similarly to the SOL plan, expecting BNB to give us a push back up to fake out the longs before heading to lower prices.
IF we break below the low of the range expect 200$.
Personally tape reading BNB and waiting for a confirmation on the lower time frames.
Plan becomes obsolete if we break and hold above our mid range (around 240$)
TP 220$
TP 200$
SL around 240$
Stay safe and never risk more than 1-5% of your capital per trade. The analysis is merely a price action based analysis and does not constitute financial advice in any form.
Similarly to the SOL plan, expecting BNB to give us a push back up to fake out the longs before heading to lower prices.
IF we break below the low of the range expect 200$.
Personally tape reading BNB and waiting for a confirmation on the lower time frames.
Plan becomes obsolete if we break and hold above our mid range (around 240$)
TP 220$
TP 200$
SL around 240$
Stay safe and never risk more than 1-5% of your capital per trade. The analysis is merely a price action based analysis and does not constitute financial advice in any form.
