BNB is playing out nicely so far to the downside. Been in a short for some days and have added some more to my position (avg entry price 238.23$) with initial stops rested above 260$
Ranges are holding nicely so far but what is next...
We have deviated the current highs and failed to reclaim. Expecting further downside towards 200$ and 185$-182.75$.
IF we reclaim the high of the range and start holding above 250$ I will look to scale out and cut the trade.
Entry market
TP 200$
TP 185$
SL above 250$
Stay safe and never risk more than 1-5% of your capital per trade. The analysis is merely a price action based analysis and does not constitute financial advice in any form.
Ranges are holding nicely so far but what is next...
We have deviated the current highs and failed to reclaim. Expecting further downside towards 200$ and 185$-182.75$.
IF we reclaim the high of the range and start holding above 250$ I will look to scale out and cut the trade.
Entry market
TP 200$
TP 185$
SL above 250$
Stay safe and never risk more than 1-5% of your capital per trade. The analysis is merely a price action based analysis and does not constitute financial advice in any form.
