Closed above the Liquidity Gap marked on the chart. Will look to touch around $325 on the next run to grab the liquidity above in this current range. This is strictly price action trading and my idea's may be completely wrong.
". There is a possibility of temporary retracement to the suggested support line (321.72).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
. BNBUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic...
BNBUSDT has almost always been above the 200EMA apart from the one time it spiked below but quickly recovered itself. We are now approaching the 200EMA and previous lower timeframe structure where price could possibly start another bullish leg.
Price can potentially move lower which is why we this will be a breakout trade - we enter on the break of the trendline...