What is the next catch on BNBUSDT?

Confluence reasons

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Bearish divergence: The move of the bearish divergence is having a support on $370-$375 USDT .... which its strength is reducing

Fibonacci Retracement: In the 0% to 100% fibonacci retracement, 50% has been done, which then follows by this little current retracement, which is having $370-$375 USDT as support as well...

So, it's wise to enter the trade when there is an end-of-day close price above 50% fib level followed by a confirmation candle to validate the movement leg.

Entry Price: $445 - $455
Take Profit price: $600 - $620
Stoploss price: $365 (near-support level)
RR: 1:2

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تعليق:

We can see the 50% level is tested again and still act as resistance, we can patiently wait for breakthrough above the 50% fib level followed by a confirmation candle

تعليق:

Daily price candle should lie above the 50% fib, and next day candle should trade above today's candle 🕯

تم فتح الصفقة

تعليق:

As there is no probability that today's daily candlestick will close above yesterday's daily candlestick, so we wait for tomorrow's daily candle to trade above yesterday's daily candlestick