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BNB LTF Long Trade

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BNB Perpetual Futures Contract (BINANCE:BNBUSD.P)  
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BINANCE:BNBUSD.P   BNB Perpetual Futures Contract
Trend Analysis Chart Patterns Technical Indicators BNB bnbusd BNBUSDT bnbusdtlong
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trendanalysis chartpattern indicator bnb bnbusd bnbusdt bnbusdtlong

  • BNB broke out of the Ascending Triangle to the upside. It is currently testing the 253 USD level for support.
  • If BNB manages to flip 253 to support, it is a long trade, IMO.
  • If BNB doesn’t manage to break out, I think we will go lower to around 246 USD and try again from there.
  • If it breaks down from the triangle, I will reassess the situation.
  • Read my previous BNB ideas for more context.
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What do you think? Please share in the comments.
Best wishes to all.

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