Binance Coin / TetherUS
Long
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BNB/USDT nearing 22 day ema. Time to long??

392
snapshot
BNB is on a downtrend after reaching 25.4 usd and nearing 22 ema on a daily chart which has been a deciding factor for higher low historically since beginning of the uptrend at 5 usd. I will look for long in the 22.5 to 23.5 range if these happens -
1) If there is significant buying pressure at 20.5-21.5(when it bounces on the 22 day ema) or
2) If bnb doesn't touch 22 ema and maintains above 22.5 in the next 2 days
please comment your views

Note
snapshot
Bnb is tightly packed on the 4 hourly chart with extremely low margins. It means a breakout is imminent. possible outcomes are described in the chart.
Transaction en cours
entered the trade at 22.8
Note
Stop loss at 19
Note
Can be short

Closely observing this possibility.Currently feet on the ground and fingers crossed!!!
Note
snapshot
Currently bnb is retesting the resistance area.
Note
So far everything looks good. Patience my friends. Cheers!!!
Transaction en cours
Those who are following this post can follow my new post i posted recently.
BNBUSDT - A false breakout would have reversed already.

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