I have already started filling buy orders at this level and have marked the area I am targeting for largest entry. If BNB breaks below the Daily Kumo and/or has a bearish TK cross on the daily I will stop out of this trade.
Rounding of price decline likely at this level - oscillators and volume show declining selling pressure and increasing buying at this level.
Profit target is open. Expecting a retest of previous high, and possibly a new ATH.
Will update this trade.
Rounding of price decline likely at this level - oscillators and volume show declining selling pressure and increasing buying at this level.
Profit target is open. Expecting a retest of previous high, and possibly a new ATH.
Will update this trade.
Safest action is stop out and wait for trend reversal (this will likely lead to a small loss as we will buy higher, but protect against a continued drop.)
My stop is below the lower red horizontal. I have a high risk tolerance.
We are approaching the bottom of the daily Kumo but we see a Weak bearish TK cross above with price action below. This is not a good sign for bulls.
I am still in the trade.
Volume is declining on the price drops, and buying volume has been higher.