CharlieTrout

Potential Short Term Path for BNB / PAX

Long
BINANCE:BNBPAX   Binance Coin / Paxos Standard
Potential Long, followed by Short at 99MA Resistance. Pattern spotted on the 1D and confluence on the 4H and 1H. Using Support and Resistance Levels as well as the moving Support and Resistance Levels of the Moving Averages. Basic Rounded and Micro-Retests taken into account when anticipating the bounces at both the Long Level and the Short Level.
Trade active: S/L moved to 15.234, chart looks bullish on the lower time frames, hopefully more upside to come, followed by a larger move down.
Comment: Update, looking to short at test of 99MA level.

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