BNB Ready for a Breakout? Cup & Handle Pattern in Play!
#BNB is in a strong uptrend and is currently forming a cup and handle pattern on the 30-minute timeframe. This is a classic bullish continuation pattern, signaling a potential breakout.
Key Observations:
🔹 Higher Highs (HH) & Higher Lows (HL) indicate a healthy uptrend.
🔹 Bearish divergence spotted—indicating a possible retracement.
🔹 If support breaks, we may see a trend reversal.
🔹 If the handle completes and #BNB breaks out, it could be an ideal buying opportunity.
Strategy:
🔹 Wait for breakout confirmation above the cup resistance.
🔹 Entry: On breakout with volume.
🔹 Stop Loss: Below recent HL.
🔹 Target: Measure the depth of the cup for a price target.
Final Thoughts:
This setup has high potential, but always use proper risk management.
What’s your take on #BNB? Will it break out or break down? Comment below!
Key Observations:
🔹 Higher Highs (HH) & Higher Lows (HL) indicate a healthy uptrend.
🔹 Bearish divergence spotted—indicating a possible retracement.
🔹 If support breaks, we may see a trend reversal.
🔹 If the handle completes and #BNB breaks out, it could be an ideal buying opportunity.
Strategy:
🔹 Wait for breakout confirmation above the cup resistance.
🔹 Entry: On breakout with volume.
🔹 Stop Loss: Below recent HL.
🔹 Target: Measure the depth of the cup for a price target.
Final Thoughts:
This setup has high potential, but always use proper risk management.
What’s your take on #BNB? Will it break out or break down? Comment below!
Transaction en cours
Trade is active. now wait for TP.Note
If anyone miss the trade, its best price to buy the BNB. Don't miss this opportunity. Note
1st TP Hit. Trade fermée: cible de profit atteinte
Both TP Hits.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.