Risk management trading idea on a booming Binance Coin

BNB has been booming and it does not show any sighns it might stop soon. While the rest of crypto world is trading sideways, BNB has a huge bull run, which is grabbing peoples attention. There are no sighns it might stop. Tracked from the previous support zones I have set up this 2.25 Risk-Reward ratio trade. We might currently be at the lowest short term price.

This is not trading advice, just my personal opinion.

Commento:

Stop price is 14.35 USDT and collect profit 16.5 USDT

Trade attivo:

As always it is smart to put a small buffer bellow the last resistance (for 14.5, the buffer was of 0.15 . That way we saved our trade and are booming uptrend.

Trade chiuso: stop raggiunto:

Trend reversal took place