Binance Square
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Lary Gramm
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#BNBEcosystem #binance #bnbusdt $BNB Haven't written about this asset for a while. If you scroll through the feed, you'll see that we were in a long position, but unfortunately, it was a small position from 225. Currently, on the hourly timeframe, a technical analysis pattern "Descending Triangle" is forming, and by all rules, the triangle is expected to break downward. However, there is one significant "BUT" – on an ascending market, this breakout often turns out to be false. That's why I've marked the accumulation zone in green for a long position. I believe the false breakout will happen there, and a new upward wave will begin from that zone. Otherwise, I'll accumulate a position if there's a breakout of the trend line, but only if there's no false breakout, and the upward movement starts from the current levels. If you like what I'm doing, please like and subscribe! Tips are an additional motivation for the author!

#BNBEcosystem #binance #bnbusdt $BNB

Haven't written about this asset for a while. If you scroll through the feed, you'll see that we were in a long position, but unfortunately, it was a small position from 225. Currently, on the hourly timeframe, a technical analysis pattern "Descending Triangle" is forming, and by all rules, the triangle is expected to break downward. However, there is one significant "BUT" – on an ascending market, this breakout often turns out to be false. That's why I've marked the accumulation zone in green for a long position. I believe the false breakout will happen there, and a new upward wave will begin from that zone. Otherwise, I'll accumulate a position if there's a breakout of the trend line, but only if there's no false breakout, and the upward movement starts from the current levels. If you like what I'm doing, please like and subscribe! Tips are an additional motivation for the author!

Disclaimer: Includes third-party opinions. No financial advice. See T&Cs.
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