Our mission is to help you obtain financial freedom. Checkout Our Youtube Channel Checkout Our Youtube Channel
Blog

Trading Opportunities for BEN Crypto (BEN/USDT)

Written By: ChartChamp

September 14, 2023

BEN/USDT has experienced a 132% rally starting September 1st that has led to a lot of attention in the crypto market.

I found a very simple trading strategy for BEN/USDT that can be used to capitalize on BEN’s future price swings.

Yellow Trendline:
This yellow trendline has been a key price level since BEN’s origin dating back in May 2023.
BEN’s price has consistently been suppressed by this yellow trendline, and any wicks above this yellow trendline have proven to be a great shorting opportunity.
When BEN breaks below the lower range of the Bollinger Bands (marked by the three white circles), this presents an excellent opportunity to close shorts and open longs.

Next Trade:
– I would monitor BEN’s price action and look for a shorting opportunity above the yellow trendline or a long opportunity below the Bollinger Band.
– Judging by the current price action, I think BEN is trending up towards the yellow support line first for a shorting opportunity with any wicks above.

TradingView Chart:
https://www.tradingview.com/chart/BENUSDT/9b1JXUyg-Trading-Opportunities-for-BEN-Crypto-BEN-USDT/

0 Comments
Inline Feedbacks
View all comments

More ClearValue Insights

Money Dysmorphia: Causes and Treatment

Are you stressed about money? You may have money dysmorphia and not even know it. And this may cause you to make bad financial decisions. What is Money Dysmorphia? Money dysmorphia is when you have a distorted view of your finances. This phenomenon is similar to body dysmorphia, where individuals perceive flaws in their physical […]

Read More
Default Thumbnail

How Keep Your Money and Combat Inflation

Rising prices due to inflation can put a strain on your budget and savings. When the cost of goods and services increases, your money doesn’t stretch as far. This erosion of purchasing power makes it harder to maintain your standard of living. However, by understanding how inflation works and taking proactive steps, you can mitigate […]

Read More
Default Thumbnail

Beyond Jobs: Why Recent Employment Figures May Not Sway the Fed

These past few days have been quite uncertain, especially regarding what is in store for interest rates in the U.S. But with the latest news revealing that nonfarm payrolls surged by a hefty 303,000 in March, beating expectations and showing a significant jump from the previous month, and with the unemployment rate holding steady at […]

Read More

Money Dysmorphia: Causes and Treatment

Are you stressed about money? You may have money dysmorphia and not even know it. And this may cause you to make bad financial decisions. What is Money Dysmorphia? Money dysmorphia is when you have a distorted view of your finances. This phenomenon is similar to body dysmorphia, where individuals perceive flaws in their physical […]

Read More
Default Thumbnail

How Keep Your Money and Combat Inflation

Rising prices due to inflation can put a strain on your budget and savings. When the cost of goods and services increases, your money doesn’t stretch as far. This erosion of purchasing power makes it harder to maintain your standard of living. However, by understanding how inflation works and taking proactive steps, you can mitigate […]

Read More
Default Thumbnail

Beyond Jobs: Why Recent Employment Figures May Not Sway the Fed

These past few days have been quite uncertain, especially regarding what is in store for interest rates in the U.S. But with the latest news revealing that nonfarm payrolls surged by a hefty 303,000 in March, beating expectations and showing a significant jump from the previous month, and with the unemployment rate holding steady at […]

Read More