🍕🌟BNB: long after the false breakout!

24 במאי 2022

When to open a long on BNB? In this idea I will tell you 1 method that will help you do it even if you are the beginner.

📊On the chart we can mark:
1. the mirror level of $313.5. A mirror level is a price level that can be both support and resistance for the price.
2. value areas that would be targets:
🔶$354-363.
🔶$373-382.

🚩In order to open a long trade, we need to look at an example of a short trade, which could be opened on a breakdown of the mirror level. Key points:
1. a return of price under the key level (false breakout).
2. volume growth on the breakout - a big player was selling BNB to the long traders.

✅A short stop-loss and a clear target to the trendline.

🚩How to open a long:
1. Wait for a false breakdown of the mirror level of $313.5, the return of the price above it.
2. The growth of volumes will show us that the big player is actively buying, while retail traders are selling.

✅Additional support will be the trend line, which the price may touch for the fourth time. A short stop loss and clear two targets.

💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU.

P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.