BNB/USDT 4HInterval Targets and Stoploss
Hello everyone, let's look at the BNB to USDT chart on a 4-hour time frame. As you can see, the price is moving above the local downtrend line.
Let's start by setting goals for the near future that we can take into account:
T1 = $240.7
T2 = $244.5
T3 = $247
T4 = $251
AND
T5 = $255.5
Now let's move on to the stop loss in case the market goes down further:
SL1 = $231.8
SL2 = $221.9
SL3 = $214.3
AND
SL4 = $206.3
Looking at the CHOP indicator, we see that there is still energy to continue the move, MACD indicates a local uptrend, while the RSI has been moving below the lower border for a long time and now we are approaching the middle of the range with room for further growth.
Let's start by setting goals for the near future that we can take into account:
T1 = $240.7
T2 = $244.5
T3 = $247
T4 = $251
AND
T5 = $255.5
Now let's move on to the stop loss in case the market goes down further:
SL1 = $231.8
SL2 = $221.9
SL3 = $214.3
AND
SL4 = $206.3
Looking at the CHOP indicator, we see that there is still energy to continue the move, MACD indicates a local uptrend, while the RSI has been moving below the lower border for a long time and now we are approaching the middle of the range with room for further growth.