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 🙂