Since the top earlier in the year, BNB has been forming a massive triangle.
Recently, BNB touched the top of the triangle around $450, which caused the current reversal.
In case of a prolonged bearish move, I'm looking at the bottom trend line of the triangle for a potential buy-in area. In case we see more bullish price action, look for a move above $450 for a potential buy in.
Happy trading!
Recently, BNB touched the top of the triangle around $450, which caused the current reversal.
In case of a prolonged bearish move, I'm looking at the bottom trend line of the triangle for a potential buy-in area. In case we see more bullish price action, look for a move above $450 for a potential buy in.
Happy trading!
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