BNB price is fluctuating around $694, within a short-term support zone, and shows a slight buy signal. If the price holds above the EMA20, the trend could bounce up.
$BNB – LONG
Trading plan:
Entry: $693.82 – $694.92
SL: $688.86
TP1: $704.29
TP2: $709.06
TP3: $714.57
Why this setup?
• The 4h trend is LONG; EMA20=$695.38, EMA50=$665.48.
• RSI 15m=42.6; RSI 4h=43.8.
• ATR 1h=$3.6729; the entry is around the current price, TP1 has an R:R of 1.8.
Debate: Will the LONG trend hold when price reaches the $688.86 support level, or is there a risk of being stopped out if selling pressure increases sharply?
Click here to trade 👇
$BNB – LONG
Trading plan:
Entry: $693.82 – $694.92
SL: $688.86
TP1: $704.29
TP2: $709.06
TP3: $714.57
Why this setup?
• The 4h trend is LONG; EMA20=$695.38, EMA50=$665.48.
• RSI 15m=42.6; RSI 4h=43.8.
• ATR 1h=$3.6729; the entry is around the current price, TP1 has an R:R of 1.8.
Debate: Will the LONG trend hold when price reaches the $688.86 support level, or is there a risk of being stopped out if selling pressure increases sharply?
Click here to trade 👇
