BNB/USDT (Futures) Potential Upward Movement

BNB/USDT (Futures) Long-Term Trend: Bullish

Key Resistance Levels: 399.44, 405.84, 411.74.

Key Support Levels: 391.71, 381.96, 375.00.

Daily Time Frame:

The price on the higher time frame could not continue its move to the downside and faced a strong resistance which led to the formation of the double bottom pattern. A reversal occurred and the price is about to move higher again in the same direction of the main trend.

BNB/USDT (Futures) Medium-Term Trend: Bullish

1-Hr Time Frame:

On the lower time frame, the buyers succeeded to break the bearish trend line to the upside after a higher low formation. A lower correction has been posted to the support level to bring back liquidity before a new bullish impulsive wave toward the target profits.

Buy Market Order @ 393.07

Target Profit 1 @ 399.44

Target Profit 2 @ 405.84

Stop Loss @ 386.67

Trade Safely 🙂