1. Current Recommended Direction BNB has broken out of the triangle consolidation pattern, suggesting a short-term bullish outlook. It is recommended to actively follow the breakout direction and capture the upward trend. Without clear indications of a pullback or tentative entry, the bias is long. 2. Position and risk control recommendations: No specific position ratio is specified, but breakout signals are usually suitable for small position entry. Gradually increase the position after confirming the breakout is valid. It is recommended to set a reasonable stop loss at the lower edge of the triangle or the breakout point of a false breakout. The take profit can be referenced to the previous high resistance level. Pay attention to risk control. 3. Suitable for aggressive short-term and trend-following traders. It relies on breakout catalysts for quick entry and emphasizes following the trend. It is recommended to enter and exit quickly or add to positions as the trend progresses. It is not advisable to blindly hold positions or heavily leverage and stubbornly hold on to pullbacks.
BNB: Summary of discussions in the Fed. Russian Insider community (18:00:08 ~ 19:00:08)
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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