Personally, I will advise BNBUSDt retail traders to allow transactions burst out of the box for taking any decision

BNB traders ! It's all about selling the pair. If the pair burst out of the rectangle and head Southward, Just SELL or wait for another dip

BNB is creating a 2 way trading perspective - Buy sell limit option.

You can buy now and hope for profit @ 260USD.

Perhaps the trades resulted into loss , you give up @ 180 and instantly join the bears for a profit @ 140 USD

Enjoy your trading week.

Cheers! The pair delivered profits accordingly.

The reversal at the profit-taking level seems to be signaling a ranging market structure.

A violation of the $248 swing/demand area can drag the pair to a major support level.

*Selling now is good. But placing a sell order below $248 price level is better by far. *

$215 is a good take profit point.

BNBUSD Update


If you can recall vividly, $215 was recommended as a good take profit point for this pair.

Buying pressure at the nearby demand area - $227 has already dashed the hope for taking major gain at $215.

Congrats to those who took profits based on private updates.

It’s worthy to note that the strong demand area is seemingly serving as a launchpad for the pair.

Except for a bearish chart pattern , the pair Northward movement is assured.

*Next resistance levels are poised at $275 and $305 price points. *

They are expected to serve as the profit-taking areas for buyers.

Decision : Buy while the pair value is low.

The symmetrically formed triangle is sending a message of hope for both buyers and sellers.

However, it pays to stay firmer at the buying position; the coin will mostly leverage the bitcoin force.

*Next resistance levels are poised at $275 and $305 price points. *

They are expected to serve as the profit-taking areas for buyers.

Sentiment: Bullish

Decision: Buy while the pair value is low.