BNBUSDT 12H long setup after channel confirmation
TA explained
BNB likes to move inside this parallel channel for a long time already. It clearly confirmed the support of the bottom line of the channel again. Now ready for a retest of the middle line. If it is able to break it a move towards to upper line can be expected.
First target aligns with previous high, second target with the middle line of the channel. Stop loss is below previous low and below the channel.
Trade setup
Best entries: 17.277 - 17.547
TP1: 18.219
TP2: 18.872
TP3: 20.492
SL: 16.769
RR: 4.62
Max leverage: 7x
—————
Do Your Own Research (of course)
Trade at own risk (of course)
Only trade what you can afford to lose (of course)
BNB likes to move inside this parallel channel for a long time already. It clearly confirmed the support of the bottom line of the channel again. Now ready for a retest of the middle line. If it is able to break it a move towards to upper line can be expected.
First target aligns with previous high, second target with the middle line of the channel. Stop loss is below previous low and below the channel.
Trade setup
Best entries: 17.277 - 17.547
TP1: 18.219
TP2: 18.872
TP3: 20.492
SL: 16.769
RR: 4.62
Max leverage: 7x
—————
Do Your Own Research (of course)
Trade at own risk (of course)
Only trade what you can afford to lose (of course)
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