BNBUSDT: Buy Opportunity
If Bitcoin does not fall, this market will be able to give us a new buy opportunity.
The price reached the support zone formed by SMA100 and SMA200. We got a local swing low. RSI confirmed the price reversal. The same goes for MACD histogram.
We have a buy signal based on the reversal from the support. But in order to get an additional bullish signal, it will be better to wait for the breakout above the local downtrend line.
The current prices also can be good for buying if you build long term positions. Stop orders can be placed below SMA100 or below the main uptrend line.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
The price reached the support zone formed by SMA100 and SMA200. We got a local swing low. RSI confirmed the price reversal. The same goes for MACD histogram.
We have a buy signal based on the reversal from the support. But in order to get an additional bullish signal, it will be better to wait for the breakout above the local downtrend line.
The current prices also can be good for buying if you build long term positions. Stop orders can be placed below SMA100 or below the main uptrend line.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
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