Binance Coin / TetherUSUpdated BNBUSDT is testing the key level
BNBUSDT is testing the support level of $286 on the daily timeframe. This level has been tested multiple times in the past and has proven to be a significant support level for the pair.
Traders and investors are now waiting for the next breakout to occur, as the price could either continue to fall below the support level or rebound and rise higher. Based on Plancton’s rules, a new short position could be considered if the price breaks below the $286 support level.
If the price does break below this support level, the next potential target area could be around $246.
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Follow the Shrimp 🦐
Keep in mind.
Traders and investors are now waiting for the next breakout to occur, as the price could either continue to fall below the support level or rebound and rise higher. Based on Plancton’s rules, a new short position could be considered if the price breaks below the $286 support level.
If the price does break below this support level, the next potential target area could be around $246.
–––––
Follow the Shrimp 🦐
Keep in mind.
- 🟣 Purple structure -> Monthly structure.
- 🔴 Red structure -> Weekly structure.
- 🔵 Blue structure -> Daily structure.
- 🟡 Yellow structure -> 4h structure.
- ⚫️ Black structure -> <= 1h structure.
Note
waiting for the last target 
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