BNB Possible Scenario in a few weeks

28 Nis 2021

As it can be seen in the chart, BNBUSDT is forming a symmetric triangle. For both cases of whether it breaks toward down or up, wait for re-test. Do not use leverage higher than 3x.

Short or Long positions should have at most 5% stop loss.

Not a financial advice.

29 Nis 2021

Not

BNBUSDT took his position to go up. However, The price movement in BTC didn't let this happen. Since the pullback (re-test) didn't occur, the TA is not valid. On the other hand, The lower side of the triangle can be used as up-trend line. If the price get closer to this line, there'll be opportunity to take a long position with 2% stop-loss.

Note: Do not buy until it touches the trend line. Otherwise, your stop-limit has to be increased to 5%, which is not worth.