BNX Long Position -1% Stop +10% Target. Lets Take a Look!

A positive divergence has formed between BNX daily RSI and price. If we count the black trend line coming from the bottom as the stop zone, this stop corresponds to 1% from the point I shared now, this risk grows with leverage. The risk for spot buying is 1%. If the black price line is broken in volume, its possible move will be as i pointed out to wave 5. In case of a daily closing or a voluminous exit above the black price line, secure the principal with a stop, so the risk will be reduced to zero. I wish you lots of luck.

NOTE: Pay attention to the 23,800 resistance in BTC. It is an important resistance, if there is a hard sell from that area and you noticed this chart late, do not force it to buy long or spot!

Don't forget to like the graphic!