$PROM USDT Long (triangle breakout)
Price is ~5.625, bouncing off the rising support line (~5.30) and pushing toward the falling resistance at ~5.80-5.85.
Entry: 1h close above 5.85 (clears the trendline and the 5.833 level), or a safer entry on a retest of 5.80-5.85 that holds
Stop loss: 5.55 (back inside the triangle)
TP1: 6.00 TP2: 6.25 TP3: 6.50 (0% level / HH, only if 6.25 breaks with volume)
Notes:
Higher lows inside the triangle and a strong bounce candle support the long, but the larger trend is still bearish after the drop from 6.516, so don't enter before the breakout closes. Skip the trade if a 1h candle closes below 5.25; that breaks the triangle support. Volume has faded since the drop, so only trust the breakout if it comes with a volume spike. Risk 1-2% and keep leverage low (3-5x).
Not financial advice.
@Binance Square Official #FedMinutesFocusOnOctoberPause #BinanceLaunchesBinanceIntelligence #EvernorthDelaysNasdaqDebutToOct12 #Binance #ChartSniper
Price is ~5.625, bouncing off the rising support line (~5.30) and pushing toward the falling resistance at ~5.80-5.85.
Entry: 1h close above 5.85 (clears the trendline and the 5.833 level), or a safer entry on a retest of 5.80-5.85 that holds
Stop loss: 5.55 (back inside the triangle)
TP1: 6.00 TP2: 6.25 TP3: 6.50 (0% level / HH, only if 6.25 breaks with volume)
Notes:
Higher lows inside the triangle and a strong bounce candle support the long, but the larger trend is still bearish after the drop from 6.516, so don't enter before the breakout closes. Skip the trade if a 1h candle closes below 5.25; that breaks the triangle support. Volume has faded since the drop, so only trust the breakout if it comes with a volume spike. Risk 1-2% and keep leverage low (3-5x).
Not financial advice.
@Binance Square Official #FedMinutesFocusOnOctoberPause #BinanceLaunchesBinanceIntelligence #EvernorthDelaysNasdaqDebutToOct12 #Binance #ChartSniper