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Binance Coin (BNB) – July 10 for BINANCE:BNBUSDT by readCrypto

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( BNBUSDT 1W Chart)

If the price holds above the 186.10-211.70 range, it is expected to continue the upward trend.

In particular, if the price is maintained above the 296.0-348.70 range, it is expected to create a new wave.

(1D chart)

It remains to be seen if it can move above the 343.48 point to continue the uptrend.

If it does, you should find support at 296.0 and see if it moves along the uptrend line.

If it falls in the section 176.37-232.07, Stop Loss is required to preserve profit and loss.

The support section is weak due to a sharp rise, so it remains to be seen whether the support section can be strengthened by going sideways in the section 232.07-343.48.

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( BNBBTC 1W chart)

If the price holds above the 0.004813 point, it is expected that the uptrend will continue.

In particular, if the price is maintained above the 0.004813-0.006783 range, it is expected to create a new wave.

(1D chart)

It remains to be seen if the price can hold above the 0.009134 point to create a new wave.

If it goes down, you should check to see if it finds support in the 0.008235-0.009134 range.

In particular, we expect further upside if the price does not fall below the downtrend line.

If it falls from the 0.008235 point, you need Stop Loss to preserve your profit.

However, the 0.004813-0.006783 section may support and rise, so you should be prepared for this.

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We recommend that you trade with your average unit price.

This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to psychological burden.

The center of all trading starts with the average unit price at which you start trading.

If you ignore this, you may be trading in the wrong direction.

Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.

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** All indicators are lagging indicators.

Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume .

However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.

** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.

Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)

** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)

** See support, resistance, and abbreviation points.

** Support or resistance is based on the closing price of the 1D chart.

** All descriptions are for reference only and do not guarantee a profit or loss in investment.

Explanation of abbreviations displayed in the chart

R: A point or section of resistance that requires a response to preserve profits.

S-L: Stop Loss point or section

S: A point or section where you can buy to make a profit as a support point or section.

(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)

GAP refers to the difference in prices that occurred when the stock market, CME , and BAKKT exchanges were closed because they are not traded 24 hours a day.

G1 : Closing price when closed

G2: Opening price

(Example) Gap (G1-G2)

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