BNB/USDT - Buying the retest - May 5, 2021

BNB seems to be pulling back from the retest of the support breakout at around USD 605. I'll try to surf it until above the previous ATH, with TP at around USD 712. According to the MACD indicator, it might be a premature move. This is somehow a riskier trade, but I'll keep an eye on it and move my stop loss to break-even as soon as it is convenient.

Trade parameters:

Entry: 648.81
TP: 712.37
SL: 627.88
Risk/Reward: 3:1



Disclaimer: I am a beginner trader, not a professional.