Binance Coin At Resistance, Medium-Risk 5X SHORT—246% Potential

hace 7 días

Binance Coin is in the same situation as Bitcoin but the chart reveals more strongly the potential for a new drop, a lower low.

Binance Coin (BNBUSDT) clearly peaked with the June 2024 fake breakout and we know that after the peak and correction comes.

The 5-August drop wasn't a real down-wave but more of a strong shakeout move. The strong recovery afterward didn't allow for the market to settle, indicating that additional bearish action is coming.

Below the full trade-numbers:

➢ SHORT BNBUSDT

Leverage: 5X

Entry levels:

1) $620
2) $590

Targets:

1) $575
2) $555
3) $525
4) $490
5) $465
6) $415
7) $385
8) $303

Stop-loss:
Adjust to your own risk tolerance

Potential profits: 246%

Capital allocation: 3%

___

Leveraged trading is for adults.
Adults are responsible for their actions.
If you win money, the money is yours.
If you lose money, the loss is yours.

I am wishing you success.

I belief, based on timing and the duration of the consolidation phase, that this is a high probability trade.

Thank you for reading.

Namaste.

hace 6 días

Operación activa

The daily timeframe reveals a clear start to a new down-move. This can be a big one.
Remember that there is always risk involved. This is not financial advice.

Maximize profits.
Reduce greed.
Reduce risk.
Maximize stability.
Play it in-between.
Not maximum leverage but not the lowest either. Halfway through.

hace 3 días

Comentarios

Targets:

1) $575 |Hit 23-Oct. (+18%)
2) $555 |Next target
3) $525
4) $490
5) $465
6) $415
7) $385
8) $303