Binance Coin - Watching for BREAKOUT
BNBUSDT has almost always been above the 200EMA apart from the one time it spiked below but quickly recovered itself. We are now approaching the 200EMA and previous lower timeframe structure where price could possibly start another bullish leg.
Price can potentially move lower which is why we this will be a breakout trade - we enter on the break of the trendline with stops below the correction.
Price can potentially move lower which is why we this will be a breakout trade - we enter on the break of the trendline with stops below the correction.
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