BNT/BTC (Test Old Support?)
💎Technical Analysis Summary💎
BINANCE: BNTBTC
-Bancor is on a downtrend since the pick at 23k sat area
-Its value has declined by -70% already and still going lower
-If BNT will keep respecting this descending channel
-There is a channel to test old support at around 6k sat range
-But until this parallel channel is broken to the upside
-The Bears are still in control of the market
-I recommend waiting for a proper breakout followed with a volume
-This reduces the risk and have proper stop loss location
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Trading Involves High Risk
Not Financial Advice
Please Exercise Risk Management
``````````````````````````````````````````````
If You Like My Daily Published Ideas
A little Help By Supporting My Channel
Through Leaving A Thumbs Up, Comment & Follow
Happy Trading! --> Thank You! :)
``````````````````````````````````````````````
BINANCE: BNTBTC
-Bancor is on a downtrend since the pick at 23k sat area
-Its value has declined by -70% already and still going lower
-If BNT will keep respecting this descending channel
-There is a channel to test old support at around 6k sat range
-But until this parallel channel is broken to the upside
-The Bears are still in control of the market
-I recommend waiting for a proper breakout followed with a volume
-This reduces the risk and have proper stop loss location
``````````````````````````````````````````````
Trading Involves High Risk
Not Financial Advice
Please Exercise Risk Management
``````````````````````````````````````````````
If You Like My Daily Published Ideas
A little Help By Supporting My Channel
Through Leaving A Thumbs Up, Comment & Follow
Happy Trading! --> Thank You! :)
``````````````````````````````````````````````
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