Go Checkout Trade$BNB Givenđđđ„â€ïž
BNB
624.85
-1.55%
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$BNB đđ±đHere with New Trade Analysisđžâ€ïžđâïžBuy Nowđđđž
{spot}(BNBUSDT)
Hereâs a more detailed guide for setting up the trade, focusing on entry, risk management, and technical analysis.
1. Trade Setup for a Long Position (Buying $BNB đđ
If you believe BNB will continue to recover, here's how you can plan the trade:
Entry Point:
Wait for a confirmed breakout above the resistance level of $562.20đ±đ. Look for strong green candles and increased volume to confirm momentum.
Alternatively, if youâre more aggressive, you can enter at the current price of $561.22, but it's riskier.
Take-Profit Levels:
First Target (TP1): $579.49 đ„(the next resistance level).
Second Target (TP2): $586.98 â€ïž(stronger resistance).
Third Target (TP3): $597.77đžđ if momentum is strong.
Stop-Loss:
Place your stop-loss just below the nearest support level, around $557.94đ or slightly lower at $555.00 for more safety.
2. Trade Setup for a Short Position (Selling BNB)
If BNB fails to break above $562.20 đđand shows weakness:
Entry Point:
If price falls below $557.94đ with strong bearish candles, consider shorting.
Take-Profit Levels:
First Target (TP1): $552.00đ„ (psychological support).
Second Target (TP2): $550.00â€ïž (24h low).
Third Target (TP3): $540.00 đž(next major support).
Stop-Loss:
Set your stop-loss just above the recent high, around $562.20, to protect from a breakout.
3. Risk Managementđ€đ€
Risk per Trade: Ideally, risk 1-2% of your total capital for safer trading.
Position Sizing: Calculate position size based on the distance between your entry and stop-loss.
Reward-to-Risk Ratio (RRR): Aim for a minimum of 2:1 (for example, risking $10 to gain $20).
4. Confirming with Indicatorsđđ
Volume: Enter when thereâs strong volume supporting the price move.
RSI: Currently at 57.36, which is neutral but leaning towards overbought. If it crosses 70, it might signal a reversal.
#bnb #BTC #Follow4more analysisâ€ïžđ„đ
$BTC #BinanceTradeSmarter
{spot}(BTCUSDT)
{spot}(BNBUSDT)
Hereâs a more detailed guide for setting up the trade, focusing on entry, risk management, and technical analysis.
1. Trade Setup for a Long Position (Buying $BNB đđ
If you believe BNB will continue to recover, here's how you can plan the trade:
Entry Point:
Wait for a confirmed breakout above the resistance level of $562.20đ±đ. Look for strong green candles and increased volume to confirm momentum.
Alternatively, if youâre more aggressive, you can enter at the current price of $561.22, but it's riskier.
Take-Profit Levels:
First Target (TP1): $579.49 đ„(the next resistance level).
Second Target (TP2): $586.98 â€ïž(stronger resistance).
Third Target (TP3): $597.77đžđ if momentum is strong.
Stop-Loss:
Place your stop-loss just below the nearest support level, around $557.94đ or slightly lower at $555.00 for more safety.
2. Trade Setup for a Short Position (Selling BNB)
If BNB fails to break above $562.20 đđand shows weakness:
Entry Point:
If price falls below $557.94đ with strong bearish candles, consider shorting.
Take-Profit Levels:
First Target (TP1): $552.00đ„ (psychological support).
Second Target (TP2): $550.00â€ïž (24h low).
Third Target (TP3): $540.00 đž(next major support).
Stop-Loss:
Set your stop-loss just above the recent high, around $562.20, to protect from a breakout.
3. Risk Managementđ€đ€
Risk per Trade: Ideally, risk 1-2% of your total capital for safer trading.
Position Sizing: Calculate position size based on the distance between your entry and stop-loss.
Reward-to-Risk Ratio (RRR): Aim for a minimum of 2:1 (for example, risking $10 to gain $20).
4. Confirming with Indicatorsđđ
Volume: Enter when thereâs strong volume supporting the price move.
RSI: Currently at 57.36, which is neutral but leaning towards overbought. If it crosses 70, it might signal a reversal.
#bnb #BTC #Follow4more analysisâ€ïžđ„đ
$BTC #BinanceTradeSmarter
{spot}(BTCUSDT)
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