BinanceCoin (BNBBTC) Breakout LONG!

Im taking a long on BNBBTC due to a breakout of trendline resistance and a bullish divergence on the RSI. Stop loss at swing low and targeting 1:1 RRR as 1st target.

As always, I’m not a financial advisor, do your own research, and stay safe!

Kommentar:

Bnbbtc retesting resistance trendline as support. Needs to hold and bounce here for bullish breakout to be confirmed. If price breaks back within the channel, then most likely this was a fakeout and I will consider closing my long at a slight loss. If price is able to bounce next, the next key level to break is the high of the initial breakout, which is 0.009780.

Trade geschlossen: Stop wurde erreicht:

Unfortunately stop loss hit.