BNBUSDT: How to Trade in Bullish Market
The market looks interesting for buying. The price reached SMA50 and the price from this zone will be able to give a buying opportunity.
If the price breaks SMA50, the nearest support zone will become the 1st target for the bears. The price reversal from 26$ support will be good for buying as well.
Stop orders for all long positions should be placed below the local swing low and the main profit target should be the previous market high. It is 33.50$ resistance.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
If the price breaks SMA50, the nearest support zone will become the 1st target for the bears. The price reversal from 26$ support will be good for buying as well.
Stop orders for all long positions should be placed below the local swing low and the main profit target should be the previous market high. It is 33.50$ resistance.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
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