Evening Traders
Today’s analysis – BNBUSDT – trading at a key resistance level where a rejection is probable,
Points to consider,
- Price action SFP
- Daily S/R Resistance
- .618 Fib Confluence
- Low Volume
BNBUSDT’s immediate price action is corrective and is trading at a level of clear resistance, that is the daily level and the VAH, allowing for a bearish bias.
The current volume is below average, indicating a rise fuelled by short squeeze; an influxes is needed to break this flow.
Price action is to be used upon discretion/ management when executing this trade, invalidation is multiple candle closes above $2.88.20.
Hope this analysis helps,
Thank you for following my work
And remember,
“If you can’t take a small loss, sooner or later you will take the mother of all losses.” – Ed Seykota
Today’s analysis – BNBUSDT – trading at a key resistance level where a rejection is probable,
Points to consider,
- Price action SFP
- Daily S/R Resistance
- .618 Fib Confluence
- Low Volume
BNBUSDT’s immediate price action is corrective and is trading at a level of clear resistance, that is the daily level and the VAH, allowing for a bearish bias.
The current volume is below average, indicating a rise fuelled by short squeeze; an influxes is needed to break this flow.
Price action is to be used upon discretion/ management when executing this trade, invalidation is multiple candle closes above $2.88.20.
Hope this analysis helps,
Thank you for following my work
And remember,
“If you can’t take a small loss, sooner or later you will take the mother of all losses.” – Ed Seykota
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Telegram: t.me/freetradingden 🔥
Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
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Stay sharp, trade smart.
— Team The Alchemist ⚔️
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
Join the Free Trading Group
Telegram: t.me/freetradingden 🔥
Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
partner.blofin.com/d/TheAlchemist
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Telegram: t.me/freetradingden 🔥
Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
partner.blofin.com/d/TheAlchemist
Stay sharp, trade smart.
— Team The Alchemist ⚔️
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.