BNB is trading around $755.27, above nearby daily resistance at $762.20 and maintaining its 4h uptrend.
$BNB – LONG
Trade plan:
Entry: $754.48 – $756.06
SL: $747.38
TP1: $769.47
TP2: $776.31
TP3: $784.20
Why this setup?
• The 4h trend is LONG; EMA20=$748.06, EMA50=$742.99.
• RSI 15m=56.1; RSI 4h=57.2.
• ATR 1h=$5.2600; entry is near the current price, with an R:R of 1.8 for TP1.
Thesis:
If the price holds the EMA20 zone at $748, a move up to TP1 at $769.47 is feasible. However, a 4h candle closing below $747.38 would invalidate the structure and trigger the SL.
Click here to trade 👇
$BNB – LONG
Trade plan:
Entry: $754.48 – $756.06
SL: $747.38
TP1: $769.47
TP2: $776.31
TP3: $784.20
Why this setup?
• The 4h trend is LONG; EMA20=$748.06, EMA50=$742.99.
• RSI 15m=56.1; RSI 4h=57.2.
• ATR 1h=$5.2600; entry is near the current price, with an R:R of 1.8 for TP1.
Thesis:
If the price holds the EMA20 zone at $748, a move up to TP1 at $769.47 is feasible. However, a 4h candle closing below $747.38 would invalidate the structure and trigger the SL.
Click here to trade 👇
