Trade Setup: BNB Long Position
Market Context:
BNB started the week above the weekly pivot, with an inside pivot pattern that often leads to explosive moves.
The trade focuses on entering near the pivot at a support zone, with a strategy to move the stop loss to break even if the price moves 2-4% from entry to prevent losses from manipulation.
Trade Parameters:
Entry: Enter a trade between $580.55 - $576.55.
Take Profit:
First target: $605.25
Second target: $633.05
Stop Loss: Set at a candle close under $572.90
Risk Management:
If the price moves 2-4% from the entry point, move the stop loss to break even to manage risk effectively.
📊 Monitor the price action and adjust your trade based on market conditions. Prioritize risk management and be cautious of any signs of reversal or manipulation. #BNB #CryptoTrading #TradeSetup 🎯
BNB started the week above the weekly pivot, with an inside pivot pattern that often leads to explosive moves.
The trade focuses on entering near the pivot at a support zone, with a strategy to move the stop loss to break even if the price moves 2-4% from entry to prevent losses from manipulation.
Trade Parameters:
Entry: Enter a trade between $580.55 - $576.55.
Take Profit:
First target: $605.25
Second target: $633.05
Stop Loss: Set at a candle close under $572.90
Risk Management:
If the price moves 2-4% from the entry point, move the stop loss to break even to manage risk effectively.
📊 Monitor the price action and adjust your trade based on market conditions. Prioritize risk management and be cautious of any signs of reversal or manipulation. #BNB #CryptoTrading #TradeSetup 🎯
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