thecryptochart

#crypto #BNBUSD SR Flip upper downtrend channel. Get long

Long
BINANCE:BNBUSDT   Binance Coin / TetherUS
#crypto #BNBUSD Support resistance flip of the upper downtrend channel. Finding support on this channel is a very strong signal. High probability trade with a stop below the channel.
We had a tweezer bottom reversal on 19 June to make the trend our friend again.

Volume. Large green volume candles are dominating.

RSI is higher on each new low so sellers are running out of steam.

STO is high but has just dipped so can have another push higher.

Price 291.

Target 1 = 370 or just under 30%.

Stop Loss: 255.

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