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bizmark
25 āļŠāļīāļ‡āļŦāļē 2022 āđ€āļ§āļĨāļē 8 āļ™āļēāļŽāļīāļāļē 26 āļ™āļēāļ—āļĩ

BNB to break out 2 āđ€āļžāļīāđˆāļĄāļ‚āļķāđ‰āļ™

Binance Coin / TetherUSBinance

āļ„āļģāļ­āļ˜āļīāļšāļēāļĒ

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EDIT: Please ignore the lower chart, it's shown by mistake, just go with the upper chart and press the rectangle button to maximize it (alt + click).
This is follow up to the original idea down below. We just got wider triangle before the real breakout.


Binance Coin broke up this triangle📐 and I think there is chance for run to 314 and even higher. Setting BUY LIMIT order to previous range high to catchðŸŽĢ the pullback.
  • ENTRY: local high @ 300.5
  • STOPLOSS (SL): local low @ 295.7
  • TARGET (TP): height of the triangle projected from midpoint of the local range (BUY LIMIT - STOPLOSS) @ 314.5
  • REWARD RISK RATIO (RRR): 2.9
  • INVALIDATION: when SL level hit


Check my other stuff in related ideas.

Please boost🚀, commentðŸ—Ģïļ, follow me✒ïļ, enjoy📚!

⚠ïļDisclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.

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Order filled ✔ïļ
As predicted price dropped to the breakout level and bounced. Nice...

āļ›āļīāļ”āļāļēāļĢāđ€āļ—āļĢāļ”: āļ–āļķāļ‡āđ€āļ›āđ‰āļēāļŦāļĄāļēāļĒāļāļēāļĢāļ•āļąāļ”āļ‚āļēāļ”āļ—āļļāļ™

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Stoploss hit 🛑

Price got below both triangle edges, not looking good. Breaking the orange level would be even more bearish...
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MBM_Crypto
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Good setup!
CoffeeChillTrader
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Buy Limit reached ✓
Solldy
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As always, a great technical analysis and qualitative description. Thank you for that!
CoffeeChillTrader
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On what price should I buy now(late)?
bizmark
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@TheDReysSQ86, I wouldn't chase it. BUY LIMIT @ 300.5 seems like the best solution...
CoffeeChillTrader
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@bizmark Is it good to set Buy limit at 300.5 now?
bizmark
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@TheDReysSQ86, absolutely. Price tends to test the breakout level quite often. But it can also go straight to the target...
CoffeeChillTrader
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@bizmark Makes sense, thanks for the advice
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