Binance CoinLong
BNB BULL IDEA
From the LEFT HAND SIDE:
We can see a Retail trend-line luring retail bears into the market in attempt to create liquidity. The trendline broke and there was a false retest on the trendline luring in retail bulls creating a weak stop pocket. Subsequently we get a retest of the trendline (which happens within the orderblock). We expect the support of the retest to hold for this idea to remain valid.
FUNDAMENTALS.
The fundamentals for a bullish BNB is totally dependent on the fact that BNB is a good transactional coin, helps facilitate a lot of transactions (swapping for other coins) it is fast and it has a regular gas fee.
This is an investment advice!!!! Good luck
We can see a Retail trend-line luring retail bears into the market in attempt to create liquidity. The trendline broke and there was a false retest on the trendline luring in retail bulls creating a weak stop pocket. Subsequently we get a retest of the trendline (which happens within the orderblock). We expect the support of the retest to hold for this idea to remain valid.
FUNDAMENTALS.
The fundamentals for a bullish BNB is totally dependent on the fact that BNB is a good transactional coin, helps facilitate a lot of transactions (swapping for other coins) it is fast and it has a regular gas fee.
This is an investment advice!!!! Good luck
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