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morning eat short evening wear short kkkk😅
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I see that everyone is selling hard, so I'm making a liquidity pool 😅
🚨 BNX Alert! 🐻 Short Trade Brewing? 📉 Targets Down to $0.78! 🚨
$BNX
Hey Binance Square Fam! 👋
BNX (BarnBridge) is showing some interesting movements, and I'm seeing a potential short trade opportunity brewing. Let's break down the chart and discuss the setup! 🧐
Quick Recap:
Remember my previous analysis? We were initially eyeing the 0.618 Fibonacci retracement level for a short entry. While the price didn't quite reach that level, it came close and then got rejected by the upper resistance trendline of the pitchfork pattern. This rejection triggered a sharp 13% drop down to $0.8278! So far, so good! 👍
Current Situation:
After a small bounce, I'm anticipating the price to continue its descent towards the support zone between $0.8 and $0.78. Adding to the bearish outlook, BNX has lost the Value Area Low (VAL) and the daily support level, which are now acting as resistance. The daily support sits at $0.8939, and the VAL is just below at $0.8846. This zone has already been tested and rejected, making it a prime shorting opportunity!
Looking Ahead:
If the bulls try to make a comeback and push the price up to around $0.91 (testing the previous broken low, which aligns with the 0.618 fib retracement), that would create an ideal low-risk, high-reward short opportunity!
Short Trade Ladder Strategy - How to Enter:
* Entry Range: I'll be using a laddered short entry strategy, placing multiple short orders from the VAL at $0.8846 up to the 0.618 fib retracement at $0.9126. This allows me to scale into the position and potentially get a better average entry price.
* Stop Loss (SL): My stop loss will be placed above the daily open to protect my capital if the price moves against me. [Important: Mention the exact stop-loss price if possible.]
* Target: I'm aiming for a target within the support zone at $0.8–$0.78.
* Risk/Reward Ratio: This setup offers a favorable risk/reward ratio of approximately 3:1. This means the potential profit is three times greater than the potential loss.
[Enhance with Chart Analysis Details] 📊
* [Explain what the pitchfork pattern signifies and why the rejection from the upper trendline is bearish.]
* [Explain the significance of the Value Area Low (VAL) and why it acting as resistance is bearish.]
* [Mention other indicators or patterns you see on the chart that support your analysis, e.g., RSI, MACD, volume, etc.]
For Example:
"The pitchfork pattern suggests a potential downtrend, and the rejection from the upper trendline confirms the bearish bias. The Value Area Low (VAL) is a key level that represents the area of greatest trading activity. When the price loses the VAL and it starts acting as resistance, it's often a bearish signal. The RSI is also below 50, indicating bearish momentum."
Important Reminders:
* Confirmation is Key: Wait for clear confirmation signals before entering the trade. Don't jump in prematurely!
* Not Financial Advice: I'm sharing my trading idea, but always do your own research before making any decisions. Crypto trading is risky!
* Be Flexible: Be ready to adjust your strategy if market conditions change.
Stay Tuned!
I'll keep you updated as this trade develops. Follow me on Binance Square for more trading ideas and analysis!
Let's Discuss!
What are your thoughts on this BNX setup? Are you seeing something similar on your charts? Share your insights in the comments below! 👇
#BNX #BarnBridge #Crypto #ShortTrade #Trading #BinanceSquare #Breakdown #Pitchfork #Fibonacci #VAL #RiskManagement #DYOR
Remember to replace the bracketed information with your own chart analysis and insights. This will make your post much more valuable to the Binance Square community! 😊
Hey Binance Square Fam! 👋
BNX (BarnBridge) is showing some interesting movements, and I'm seeing a potential short trade opportunity brewing. Let's break down the chart and discuss the setup! 🧐
Quick Recap:
Remember my previous analysis? We were initially eyeing the 0.618 Fibonacci retracement level for a short entry. While the price didn't quite reach that level, it came close and then got rejected by the upper resistance trendline of the pitchfork pattern. This rejection triggered a sharp 13% drop down to $0.8278! So far, so good! 👍
Current Situation:
After a small bounce, I'm anticipating the price to continue its descent towards the support zone between $0.8 and $0.78. Adding to the bearish outlook, BNX has lost the Value Area Low (VAL) and the daily support level, which are now acting as resistance. The daily support sits at $0.8939, and the VAL is just below at $0.8846. This zone has already been tested and rejected, making it a prime shorting opportunity!
Looking Ahead:
If the bulls try to make a comeback and push the price up to around $0.91 (testing the previous broken low, which aligns with the 0.618 fib retracement), that would create an ideal low-risk, high-reward short opportunity!
Short Trade Ladder Strategy - How to Enter:
* Entry Range: I'll be using a laddered short entry strategy, placing multiple short orders from the VAL at $0.8846 up to the 0.618 fib retracement at $0.9126. This allows me to scale into the position and potentially get a better average entry price.
* Stop Loss (SL): My stop loss will be placed above the daily open to protect my capital if the price moves against me. [Important: Mention the exact stop-loss price if possible.]
* Target: I'm aiming for a target within the support zone at $0.8–$0.78.
* Risk/Reward Ratio: This setup offers a favorable risk/reward ratio of approximately 3:1. This means the potential profit is three times greater than the potential loss.
[Enhance with Chart Analysis Details] 📊
* [Explain what the pitchfork pattern signifies and why the rejection from the upper trendline is bearish.]
* [Explain the significance of the Value Area Low (VAL) and why it acting as resistance is bearish.]
* [Mention other indicators or patterns you see on the chart that support your analysis, e.g., RSI, MACD, volume, etc.]
For Example:
"The pitchfork pattern suggests a potential downtrend, and the rejection from the upper trendline confirms the bearish bias. The Value Area Low (VAL) is a key level that represents the area of greatest trading activity. When the price loses the VAL and it starts acting as resistance, it's often a bearish signal. The RSI is also below 50, indicating bearish momentum."
Important Reminders:
* Confirmation is Key: Wait for clear confirmation signals before entering the trade. Don't jump in prematurely!
* Not Financial Advice: I'm sharing my trading idea, but always do your own research before making any decisions. Crypto trading is risky!
* Be Flexible: Be ready to adjust your strategy if market conditions change.
Stay Tuned!
I'll keep you updated as this trade develops. Follow me on Binance Square for more trading ideas and analysis!
Let's Discuss!
What are your thoughts on this BNX setup? Are you seeing something similar on your charts? Share your insights in the comments below! 👇
#BNX #BarnBridge #Crypto #ShortTrade #Trading #BinanceSquare #Breakdown #Pitchfork #Fibonacci #VAL #RiskManagement #DYOR
Remember to replace the bracketed information with your own chart analysis and insights. This will make your post much more valuable to the Binance Square community! 😊
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Sell at the bottom without setting a stop loss! Now just wait for it to bounce back to cut losses.
$BNX can I ask how many days it will take to return to shore?
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$BNX You guys looking at this chart must know how to do it, right?
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you probably got caught! if you let go but still have orders, congratulations to you
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you must have hit sl! if you drop and still have an order, congratulations on the sale
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In fact, what price for shorting doesn't matter, it's important which frame you play? If it's a scalp, what price doesn't matter?
$BNX It seems that people still haven't learned any lessons... How can you take a break with this short position and place an order while the liquid is at 0.3 0.4... This one can push as much as it wants, but if you set the liquid like that, it will get swept and then blame it on bad luck.
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$BNX please adhere to discipline and indicators to help you maximize profits
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brother, the waves in each frame pull the fibo vs opening the bollinger band see the overall picture! anyone who thinks it will crash is very mistaken, it still wants to sip the money of the brothers, how can it crash immediately!
$BNX it will flicker to short and then surge to sweep and then flicker the long order below is from the exchange, don't think it will return to sweep at this level, sit still and observe or find another one, anyone confident is welcome to join (why are there so many shorts while funding is still positive :))))
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the trend is down but you're buying! endure... if you're buying, you must let it run naturally! how many coins are in the red but you're still holding to buy?
$USUAL where the chicken coop is, lost Western New Year 😭😭😭😭
Liquidation price 1.07 but it gave 1 hit 1.05….suspect there is blatant interference from the floor
Liquidation price 1.07 but it gave 1 hit 1.05….suspect there is blatant interference from the floor
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blocking the ship means death
$USUAL Up 1.1 cut loss 500 dollars. I haven't eaten porridge for a long time. Always avoid this one, really scared 😥😥
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I need the letters U and S, does anyone have them?
Change here
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húp pro
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the shark has reached the target, come in and it's all good 😄
$USUAL naturally 2.4 down 2 candles down 1.18 don't understand it
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you predict very similar to me, that's very good pro...
[MOVE - SAGA - Where Will It Go?]
MOVE:
“Move forms a curved structure for the target at 1.37. However, the 4-hour frame has shown a bearish reversal signal with a triangle pattern.
Technical indicators: Indicate the possibility of a short-term decline => To test 0.8235 before confirming the next trend.”
SAGA:
“Saga forms a double top structure and the price has broken through the important support area at 1.5.
Technical indicators: Bearish.
=> Return to its accumulation area at 0.8 - 1.2
=> This is also a nice buying area for the long term if you like it!”
————————
P/s: “If you make a profit from my analyses, I hope you will use part of it for charitable work, appreciated!”
#MOVE #SAGA $MOVE $SAGA
MOVE:
“Move forms a curved structure for the target at 1.37. However, the 4-hour frame has shown a bearish reversal signal with a triangle pattern.
Technical indicators: Indicate the possibility of a short-term decline => To test 0.8235 before confirming the next trend.”
SAGA:
“Saga forms a double top structure and the price has broken through the important support area at 1.5.
Technical indicators: Bearish.
=> Return to its accumulation area at 0.8 - 1.2
=> This is also a nice buying area for the long term if you like it!”
————————
P/s: “If you make a profit from my analyses, I hope you will use part of it for charitable work, appreciated!”
#MOVE #SAGA $MOVE $SAGA
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you are amazing
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If the 0.9682 point is broken, then short it. If the price goes up to the 0.9931 area, then you should buy, but remember to wait for the candle to close. I wish you success. I can only suggest that you manage your capital yourself..!
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I've closed everything, doc, achieved a target of 500% for 2 orders 🤑
this''''
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