BNB is on a downtrend after reaching 25.4 usd and nearing 22 ema on a daily chart which has been a deciding factor for higher low historically since beginning of the uptrend at 5 usd. I will look for long in the 22.5 to 23.5 range if these happens - 1) If there is significant buying pressure at 20.5-21.5(when it bounces on the 22 day ema) or 2) If bnb doesn't touch 22 ema and maintains above 22.5 in the next 2 days please comment your views
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Bnb is tightly packed on the 4 hourly chart with extremely low margins. It means a breakout is imminent. possible outcomes are described in the chart.
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entered the trade at 22.8
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Stop loss at 19
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Closely observing this possibility.Currently feet on the ground and fingers crossed!!!
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Currently bnb is retesting the resistance area.
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So far everything looks good. Patience my friends. Cheers!!!
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