BNB quick trade

Hi,

This one is a little risky so I wont use much :

BNB is one of the most solid alt at the moment. Current support is 42000 to 42600, if it bounces on it we can expect another pump to 45 or even 46.

So, must be swift on this one :

- Buy zone : 42200 - 42400
- Target : 45000 to 46000
- SL : 40300

I'll be VERY carefull, if BNB breaks 42 support it might temporarily go lower, so I'll keep a tight SL.

Trade safe

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Comentário:

BNB still hasn't reached the entry price, I'll remain patient as it seems stuck around 425 at the moment.

Let's see how it goes

Comentário:

BNB currently seems to have found his comfort zone, ranging between 425 - 430.

I'll stay out for now and see how BTC goes

Comentário:

Good thing I decided to hold off BNB.

We now have 2 options :
-BNB stays on the 39000 support until market stabilizes and then go up
- It crosses 39000 support and dips to the 37000 strong support.

I'll watch this closely to buy at the right time. Anyways I'll wait for a strong sign of reversal to buy

Comentário:

On the 1h chart, reversal seems to be happening since BNB hit the 39000 resistance, but be extra careful as it may be a trap.

Still out and watching