It looks like you want to place a trade on Binance Coin (BNB) based on technical analysis. Here's how the trade would be structured:
Trade Setup for BNB
Entry: 560
Stop Loss (SL): 528
Take Profit (TP): 607
Trade Execution
If BNB price reaches 560, enter a long (buy) position.
Set a stop loss at 528 to limit potential losses.
Set a take profit at 607 to secure gains.
Risk-Reward Ratio
Risk: 560 - 528 = 32 points
Reward: 607 - 560 = 47 points
Risk-to-reward ratio = 1:1.47 (decent setup)
Additional Considerations
Resistance at 550: Since BNB is testing this resistance, an upward breakout is needed for confirmation before entering at 560.
Negative Volume Balance: Suggests weak buying pressure, which could lead to a fake breakout. Watch volume closely.
RSI Falling Trend: This is a