Hello again!
This is an update on my first idea on BNB/USDT PERP (SHORT):
In this chart you can easily see the BEARISH TRIANGLE. If the current candle or the next few candles will close under 333 (the base of the triangle), the price might go down to 301 or even more.
Place your orders and wait patiently. Not a financial advice.
IF the price will close under 343-342 area, we might see a down trend again until the 301 area (where we can see a strong volume resistance and a strong daily order block).
My previous bearish analysis on BNB/USDT:
Hello traders! This is my first idea shared on TradingView. Nice to meet you!
In this analysis I used order blocks (a very good strategy used in forex) and oscillation channels to determine future price moves.
Wait for the chart to leave the bullish trend and open your short position. TP1: "Order Block 1" (273 USDT/BNB) // TP2: volume resistance (301.62...
![BNBUSDTPERP: [BNB/USDT]: Bullish scenario?!](https://s3.tradingview.com/o/oBM0nMl1_mid.png "[BNB/USDT]: Bullish scenario?!")
