Hello everyone, let's take a look at the 1H BNB to USDT chart as you can see the price is moving above the local downtrend line.
Let's start by setting goals for the near future that we can consider:
T1 - $ 227
T2 - $ 237
T3 - $ 254
and
T4 - $ 271
Now let's move on to the stop loss in case of further market declines:
SL1 - $ 220
SL2 - $ 212
SL3 - $ 207
SL4 - $ 201
and
SL5 - $ 193
Looking at the CHOP indicator, we can see that we have a lot of energy in the 1H interval, and the MACD indicates that we can enter a local upward trend.
Let's start by setting goals for the near future that we can consider:
T1 - $ 227
T2 - $ 237
T3 - $ 254
and
T4 - $ 271
Now let's move on to the stop loss in case of further market declines:
SL1 - $ 220
SL2 - $ 212
SL3 - $ 207
SL4 - $ 201
and
SL5 - $ 193
Looking at the CHOP indicator, we can see that we have a lot of energy in the 1H interval, and the MACD indicates that we can enter a local upward trend.