#TheExperiment 🌞DAY 89
👀Progress 1:
😵Today I have not seen very clear possibilities to trade $BNB , I asked my loyal friend and he recommended the following based on price action and key indicators. Here’s the breakdown:
Scalping at the Extremes of the Range (601-604.10):
Buy Trigger:
Bounce at 601.16-601.50 + RSI(14) > 45 and green candle.
Confirmation: Bullish Hammer/Engulfing on 5m candles.
Entry: 601.50.
TP1: 603.00 (middle of the range).
TP2: 603.70 (MA50).
SL: 600.50 (below support).
Sell Trigger:
Rejection at 603.70-604.10 + RSI(14) < 50.
Confirmation: Shooting Star/Doji on 5m.
Entry: 603.50.
TP1: 602.00.
TP2: 601.16.
SL: 604.50.
Risk/Reward Ratio: 1:2 in each operation.
However, despite your recommendation, I confess that I have not traded so far; the operations are very precise and my level of skill and experience is very low.
What do you think?
#Binance #TradingSinFiltro #BinanceTradingChallenge
