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BNB/USD: short position

BNB/USD: short position

BNB/USD: short position

BNB/USD: short position

Binance Coin / US Dollar (calculated by TradingView) BINANCE:BNBUSD
harisonhbn9718


BNB/USD: short position

I see a short position in Binance coin right now in H4 timeframe.

Also, I will keep this trade until $206 USD, that will be my psychology target profit for this cryptocurrency. Also to share in my analysis, I see that MACD indicator make in the bar chart a higher low in the indicator indicating weakness in the market and also, continue the bearish trend .


snapshot

Depending how the Daily candlestick closed up today, if closed up bearish signal, it’s a good potential to short BNB in this timeframe and follow the trend toward $206 USD.

I will replace this rade for Oil price that drop and got some loss in my trade and swing trade, for that, I decide to closed up as I know that Oil will crash to $100 USD.

Good luck!!!

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