BNB has formed a small double bottom structure at the bottom, and the second dip didn't break the previous low, then it quickly shot up. This is usually a reversal signal. Looking at the volume, that bullish candlestick showed increased volume, indicating that there are funds stepping in, not just retail traders messing around.
But the issue is, the resistance level at 596 is a key point from the previous period. If we start to see decreasing volume around this area, it could signal a short-term top. So, from a trading perspective, entering at 574-577 is reasonable, and a stop loss at 570 can protect against a false breakout. Gradual take profits are a safer strategy; if we hit 584, sell a portion, and let the rest ride for more profit.
Entry Price: 0.574-0.577
Stop Loss: 0.570
Take Profit:
TP1: 0.584,
TP2: 0.590,
TP3: 0.596,
#BNB #技术分析 #rebound
But the issue is, the resistance level at 596 is a key point from the previous period. If we start to see decreasing volume around this area, it could signal a short-term top. So, from a trading perspective, entering at 574-577 is reasonable, and a stop loss at 570 can protect against a false breakout. Gradual take profits are a safer strategy; if we hit 584, sell a portion, and let the rest ride for more profit.
Entry Price: 0.574-0.577
Stop Loss: 0.570
Take Profit:
TP1: 0.584,
TP2: 0.590,
TP3: 0.596,
#BNB #技术分析 #rebound
