BNBUSD H4: 35% correction warning distribution(SL/TP)(NEW)

12 Jul 2022

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BNBUSD H4: 35% correction warning distribution(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.

🔸 Summary and potential trade setup
::: BNBUSD 4hours chart review
::: updated/revised outlook
::: distribution in range / weak chart
::: cycle low later July/August 2022
::: weakness will last for 4-8 weeks
::: LOG SCALE chart
::: not a great looking chart
::: CLEAN REJECTION AT 240/250 USD
::: S/R was re-tested produced WEAK bounces
::: final BOUNCE possible now before DUMP
::: also noteworthy sequence of lower highs
::: recommended strat: SHORT from range highs
::: final TP BEARS is 175 USD
::: 30-35% correction possible next
::: 4-8 weeks in July/August 2022
::: right now no upside in this market
::: position traders should wait for
::: better entry prices later after
::: higher risk strat BULLS: BUY LOW TP 248/258 USD
::: recommended strategy: SHORT SELL RIPS/ RALLIES
::: TP BEARS is +35% gains - near 175 USD
::: BULLS stay out until correction is over
::: SWING TRADE: SHORT/HOLD IT
::: correction run not over yet
::: good luck traders!
::: BUY and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BEARS/CORRECTION/175USD
::: Sentiment short-term: BULLS/BOUNCE/258USD

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