BNBUSDT Poised for a Bearish Move? Critical Levels Ahead!

19 wrz

Yello Paradisers! Are we witnessing the beginning of a bearish turn for BNBUSDT? The probability is definitely increasing, and here’s what you need to watch.

💎BNBUSDT has already taken liquidity and shown a Change of Character (CHoCH), signaling a shift toward a bearish market structure. If the price moves upward from here and displays an Internal Change of Character (I-CHoCH) from the resistance zone, it will significantly boost the chances of a further bearish trend.

💎However, if the price breaks down and closes a candle above the resistance zone, this would invalidate our bearish scenario entirely, requiring us to reconsider our strategy.

🎖 Paradisers, as always, discipline is key. Waiting for confirmation before acting ensures you stay on the right side of the trade. Stay focused, stay patient, and play it smart!

MyCryptoParadise
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30 paź

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💎It's best to close this trade at break-even, given the overall market’s bullish outlook. This way, we avoid unnecessary risk and position ourselves better for upcoming opportunities.

💎Staying flexible and minimizing potential losses is key in a market like this, where momentum could shift rapidly.