BNB Hoping for a Coin Burn
Updated
Seeing Confluence resistance from Fib Fan 38.2 starting from the March run and 50% retrace from Top. Currently BNB trying to get back into that small wedge, but is facing the 38.2 fan, 50% retrace, and 5D MA. 1 Day MA small Support. I am playing this trade, but don't like it. Scooped up a chunk yesterday at 19300. Only reason I am in this despite the terrible chart is a hopeful coin burn over the weekend. Targets are green horizontal line. 66% at first line and let the last 33% ride.
Note
That 19990 resistance is hard to crack. Let's see if the coin burn can get through it. This will be the biggest coin burn in the history of BNB!
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