BNBUSDT Analysis showing possible drop.

29 thg 8, 2021

BNBUSDTPERP is one of the most manipulated coins in the market, since it's the coin of the biggest cryptocurrency exchange in the world, that's why you need to understand this is a risky trade, buy I'll personally take it.

I'm looking for a short because of different reasons, the first and most powerful reason is because there is an enormous stopping volume candle with the POC in a really high point. This means Market Makers are probably favoring lower prices, that's why they probably built shorts at the highest possible price. Also, we have once more the famous M formation after 3 legs to the upside, meaning this could be the start of a correction.

Talking about the entry of the trade, I would recommend you building a position, since we could see a bounce from here based on the TDI (4H) and the pins to the low in the 1h timeframe. Also be careful with the open of the new daily candle, weekend finishes and we could see some weird movement, don't get trapped. I think two things can happen, first possible scenario is that Market Makers make a stop hunt rise, drop. Second possible scenario, Market Makers break the 50 EMA (4h) with a lot of volume and starts the first level to the downside.

Finally, I'll take profits at the Possible Retraces shown in the chart and I'll close my entire position once price touches the 200 EMA (4h).

We play with probabilities and I think play will go in our favor. Happy trading!

31 thg 8, 2021

Ghi chú

1st TP has been hit.

31 thg 8, 2021

Đóng lệnh: đạt mục tiêu

Set SL at entrypoint.

1 thg 9, 2021

Ghi chú

I'm closing all my contracts here. Congratulations if you took the trade.