💥 BNB/USDT Trading Plan: Win with Confidence… and Be the First to Seize the Opportunity!
In light of the recent technical movements of BNB, a promising trading opportunity is emerging that combines positive momentum with technical stability. Here’s a well-thought-out trading plan aimed at achieving sustainable profits with smart risk management:
🔹 Ideal Entry Point:
Upon a strong breakout above the resistance level of 790, it is preferable to enter with confirmation from a positive candle on the hourly timeframe.
🔹 Profit Targets:
- First target: 805
- Second target: 820
- Third target (extended): 835
🔹 Stop Loss:
Below the support level of 775 to minimize losses in case of a trend reversal.
🔹 Risk-to-Reward Ratio:
1:2.5 – making the trade attractive for speculators and day traders.
🔹 Technical Support for the Plan:
- The price is above EMA(7) and EMA(25), indicating an upward trend.
- RSI is in the positive momentum area without being overbought.
- Stochastic RSI is in reversal zones, enhancing the likelihood of an upward movement.
📌 Golden Tip:
Monitor trading volume and MACD closely, as the upcoming positive crossover could be the spark for a breakout towards higher targets.