BNB coin entered a bearish trend
Updated
As always hello bears, we have seen a huge pump for Binance coin last month, the price moved from 330 $ on 29 October 2021 to reach an all-time high 670 - 690 area by making 200% gains, now the coin is about to drop and get some profit for old buyers, BNB USDT is targeting 516-526 support area.
You can see the price had broken out 200 Moving Average after 29 October bull breaks out, the seller tends to sell the crypto market right now because of the improvement in the price of the US dollar. A stronger dollar against major currencies and a desire to lock in profits triggered a strong but relatively even sell-off overnight. The cryptocurrency market capitalization collapsed 7.5% over the past 24 hours to $2.66 trillion, breaking a long consolidation."
You can see the price had broken out 200 Moving Average after 29 October bull breaks out, the seller tends to sell the crypto market right now because of the improvement in the price of the US dollar. A stronger dollar against major currencies and a desire to lock in profits triggered a strong but relatively even sell-off overnight. The cryptocurrency market capitalization collapsed 7.5% over the past 24 hours to $2.66 trillion, breaking a long consolidation."
Trade closed: target reached
Good luck for all risk taker we have reached out target
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