stantm23

BNB at accummulation stage. Where to go for future traders?

BINANCE:BNBUSDT   Binance Coin / TetherUS
Current BNB at accummulation stage and trading sideways. As seen previously someone set a bear trap and push prices to support level of $200 (R2) however accummulation should support at the $220 (R1) as prices will hover around this mark until next breakout. Currently crypto is in bull market hence I would accummulate too at $220 range as most prices and volume at that range. If prices goes upwards to $233 most accummulation traders will look to sell so you have to sell before them. SL at $212 for a safe minor fluctuation but $217 should do the job during this stage. I dont expect current situation BTC will drop back to $43k which is at R2. R/R ratio 1:1.

This is not financial advice.
#notfinancialadvice

www.tradingview.com/chart/6hgdtSVT/

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