Trading Opportunities for BEN Crypto (BEN/USDT)BEN/USDT has experienced a 132% rally starting September 1st that has led to a lot of attention in the crypto market.
I found a very simple trading strategy for BEN/USDT that can be used to capitalize on BEN’s future price swings.
Yellow Trendline:
This yellow trendline has been a key price level since BEN’s origin dating back in May 2023.
BEN’s price has consistently been suppressed by this yellow trendline, and any wicks above this yellow trendline have proven to be a great shorting opportunity.
When BEN breaks below the lower range of the Bollinger Bands (marked by the three white circles), this presents an excellent opportunity to close shorts and open longs.
Next Trade:
I would monitor BEN’s price action and look for a shorting opportunity above the yellow trendline or a long opportunity below the Bollinger Band.
Judging by the current price action, I think BEN is trending up towards the yellow support line first for a shorting opportunity with any wicks above.
