Two days ago, BNB broke out of the bearish wedge formation, starting a potential new move downwards.
I was hoping / betting on a quick reversal of the market, but that doesn't seem to be happening at this point. Before going short, I'd advise waiting till the current short term bullish reversal has finished and the downtrend will continue.
Happy trading!
I was hoping / betting on a quick reversal of the market, but that doesn't seem to be happening at this point. Before going short, I'd advise waiting till the current short term bullish reversal has finished and the downtrend will continue.
Happy trading!
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Bullish confirmation area: ~610 break out
Bearish confirmation area: ~565 break out