I purchase BNB on every measured pull back as well as when things align within my trade system and training. I've also been taking profits along the way. Last net position is currently 7% away from current price.
Here's my outline of the measured moves I'm watching for. One thing about this, BNB could also take off and go parabolic from here but there aren't early signs of that. But some news could come up to make that happen.
Best value case is extension of 10-15% here and pull back to this area and strong range created with lows being protected and even straddling all weekly opens.
10-20% additional extension move up. Then 30% retrace to range.
10-20% additional extension move up. Then 45-50% retrace to range.
If price fails to make a high in the next few days, retraces of 30% or 50% align well with Dynamic Value Channels.
Here's my outline of the measured moves I'm watching for. One thing about this, BNB could also take off and go parabolic from here but there aren't early signs of that. But some news could come up to make that happen.
Best value case is extension of 10-15% here and pull back to this area and strong range created with lows being protected and even straddling all weekly opens.
10-20% additional extension move up. Then 30% retrace to range.
10-20% additional extension move up. Then 45-50% retrace to range.
If price fails to make a high in the next few days, retraces of 30% or 50% align well with Dynamic Value Channels.
Note
Yes, ugly chart, but this panel is my instant "is there a signal here to trade" chart. Then I go to a panel that is more focused.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.