Analysis: If we look at the chart of BNB we can observe a breakout from a weakly formed triangle, but the price action was dumped so far (fakeout-too early). I kinda have a feeling that the market needs to revisit its 50DEMA in order to move higher. I am not planning to open long positions until I can see a decent pullback to test the average.
Trade: Buy - wait until market goes down to the 475$ level at least. Entry: 465$ 1st target: 750$ 2nd target: 950$ S/L: 625$
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