Hugosloankelly

"Make or Break" For BNB

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FTX:BNBPERP   BNB Perpetual Futures
BNB has been forming a triangle and has reached the end. It has tried to break out up twice but failed showing that there is a lot of selling pressure meaning it could fall. I am placing a short position once we receive validation below the triangle, which would be a touching of 34 EMA. That is when I will enter a short position with a stop of 265$ and a take profit of 150$, which is where I can see a consolidation. I believe that we have seen the local top, but to be on the safe side will not hold this position into April.
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