BNB Bull signals on 15 min timeframe (looking back)
When I missed the boat, then I would look back the chart on multiple timeframes to see where were the signals to enter the trade. As you can see on the 15m timeframe, the bullrun was first approaching multiple resistances @ 5.4394, the bears pushed price back down tremendously right at that resistance. But when the bulls finally managed to break through that resistance, a lot of traders came in to join the team with an abnormal volume.
For me to enter the trade, I need to see the price going back down to test that resistance (now turns into support) at least once more time. The bulls successfully made it. That when you can confidently enter the trade. In return, the trade has been resulted in over 20% at the top of this current bullrun.
Lesson learned: Hold on on that bull break, wait for prices to test that support at least once more time.
Happy trading.
For me to enter the trade, I need to see the price going back down to test that resistance (now turns into support) at least once more time. The bulls successfully made it. That when you can confidently enter the trade. In return, the trade has been resulted in over 20% at the top of this current bullrun.
Lesson learned: Hold on on that bull break, wait for prices to test that support at least once more time.
Happy trading.