This is currently my biggest position in the market. Betting big on BNB's decline. Have been monitoring this pair for over a year now, and it's been stuck in this range between $200-400.
As soon as the $200 support level is broken, you can see there is no clear support until $45. That is a massive 75% gap in between both support zones.
BNB has just broken down from a bear pennant, and the first target is approximately $155 USD.
My full entry, targets and SL are listed below:
ENTRY: $235
SL: $245
Target 1: $155
Target 2: $130
Target 3: $45
Good luck and trade safe!
As soon as the $200 support level is broken, you can see there is no clear support until $45. That is a massive 75% gap in between both support zones.
BNB has just broken down from a bear pennant, and the first target is approximately $155 USD.
My full entry, targets and SL are listed below:
ENTRY: $235
SL: $245
Target 1: $155
Target 2: $130
Target 3: $45
Good luck and trade safe!