210.2-243.5 is a strong support section

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(BNBUSDT chart)
Snapshot

(1M chart)
Snapshot
The HA-Low indicator has not yet been created on the 1M chart.

So, we need to see if this drop creates an HA-Low indicator.

If the HA-Low indicator is created, the key is whether it can be supported around it.


There is a possibility that the 284.8-353.3 section, which is a support and resistance section formed after the surge, will play a role as a volume profile in the future.


The StochRSI indicator has entered the oversold zone.

Therefore, when coming out of an oversold zone, you should check whether it finds support or resistance at any point or zone.


(1W chart)
Snapshot
The key is whether it can get support and rise above the 233.9 point, i.e. the HA-Low indicator on the 1W chart.


If support is confirmed near the HA-Low indicator, it is time to buy.

The first selling zone is near the HA-High indicator (284.6).


Looking at the correlation between the HA-Low and HA-High indicators, we can see that there is still room for upside since the HA-Low indicator is longer than the horizontality of the HA-High indicator.

However, since the StochRSI indicator has entered the overbought zone, if it falls below 233.9, the situation may change, so a stop loss is necessary when it falls below 233.9 and shows resistance.


(1D chart)
It is showing sideways movement near the MS-Signal indicator.

Accordingly, if it rises above 243.5, it is expected to rise to around 284.8.

However, there is a possibility that it will touch the 150 EMA and M-Signal indicators on the 1W and 1M charts and decline.


Even if it falls to around 210.2 due to a temporary decline, the 210.2-243.5 area is a strong support area, so it is a buying time.

In this way, the 284.8-332.4 section, which is expected to act as a volume profile, corresponds to the first selling section.

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** All descriptions are for reference only and do not guarantee profit or loss in investment.

** Even if you know other people's know-how, it takes a considerable period of time to make it your own.

** This is a chart created with my know-how.

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