🔥 BNB Bounce From Important Support: Reversal Or Trap?
As of yesterday's dump, BNB has found (temporary) support on the trend line drawn on the chart. This trend line spans over a 3-month period, so at the very least it carries some weight.
With the stock market in turmoil, it's very well possible for BNB to continue falling further. I'm looking at a break out through the bottom of the trend line for a potential short opportunity. Bearish targets are $320 and $300.
On the other hand, if the FED will save the market tonight, we might see a strong move towards $400 in the coming days.
Happy trading!
With the stock market in turmoil, it's very well possible for BNB to continue falling further. I'm looking at a break out through the bottom of the trend line for a potential short opportunity. Bearish targets are $320 and $300.
On the other hand, if the FED will save the market tonight, we might see a strong move towards $400 in the coming days.
Happy trading!
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