BGB - 100%+ Move!

2023年2月21日

Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.

BGB was stuck inside a range 0.17 and 0.22

As per my last video analysis (attached on the chart) we were looking for short-term buy setups inside the range.

🏹 BGB got even stronger and broke above the 0.22 resistance zone in green and kept moving higher for another 100% bullish movement.

Last week, we have rejected the 0.5 round number and now retesting the blue demand zone.

As per my trading style:
as BGB approaches the demand zone 0.35, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)

📚 Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich