Double Bullish Trade Set-Up For BNB

In this technical analysis I will share a short term and a long term view on BNB/USDT. In both cases I have a very bullish outlook. The company behind BNB, Binance, is doing extremely well and continues to be the exchange of choice for almost all traders. Even with 100eyes we have collaborated with Binance many times in the past. If you would look at it from a fundamental point of view, it has very strong business performance and a positive outlook in the ever developing world of cryptocurrencies.

From a technical perspective we see that the price is low. Low compared to the $40 it once was, but also low on shorter timeframes lower than recent values compared to the horizontal resistance. A 10% trading opportunity like this isn't seen every day, and it's a fantastic opportunity if you are a scalp trader.

All the information for trade set-ups can be found on the chart. They should be relatively straightforward. Let me know if you have any questions!

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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!