Will BNBUSDT Crash Through Support? Key Levels You Can't Miss!

27 thg 6

Yello, Paradisers! Have you been keeping an eye on Binance Coin (#BNB)? Our latest analysis suggests a critical moment is approaching. Let’s dive into the details.

💎#BNBUSDT has been trading within a symmetrical triangle pattern on the 1D timeframe. Previously, We've observed a failed breakout which reinforces a bearish bias. Currently, #BinanceCoin is retesting the symmetrical triangle's lower support level, and there is a possibility that it might drop further.

💎The diminishing trading volume and POC of VRVP acting as resistance increases the chances of further drop. If #BNB fails to hold the support at the symmetrical triangle's lower boundary, it's likely to retest the Bullish Order Block (OB) around $460.3.

💎However, if BNB fails to hold at $460.3, the next support level to watch is at $422.9. This area is packed with liquidity and can create a good chance of pullback if tested.

💎On the contrary, If the symmetrical triangle's lower support level holds well, we could see the bulls taking control, leading to a bullish rally. The overall market sentiment and Bitcoin's movement will significantly influence #BNB's price action, so keep a close eye on these factors.

If you want to be consistently profitable, you need to be extremely patient and always wait for high-probability trading opportunities.

MyCryptoParadise
iFeel the success🌴

22 thg 7

Ghi chú

We are on a roll! Just as predicted, #BNB lost momentum and fell by 18.73%. The #BinanceCoin is now seeing a pullback due to improved macro market sentiments.