Yuriy_Bishko

๐Ÿ•๐ŸŒŸBNB: long after the false breakout!

BINANCE:BNBUSDT   Binance Coin / TetherUS
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.

๐Ÿ“ŠOn 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:
๐Ÿ”ถ$354-363.
๐Ÿ”ถ$373-382.

๐ŸšฉIn 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.

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

๐ŸšฉHow 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.

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

๐Ÿ’ปFriends, press the "like"๐Ÿ‘ 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.

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