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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Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
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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 ⚔️
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.