Hello Traders!
After retracement, BNB found support near $361 and began to consolidate in a narrow range of $361 - $404.
Momentum of sellers is gradually decreasing, and the trigger for the exit from the consolidation is a break-down of $430 level near which there is MA100 on the daily timeframe.
Short-term purchases can be considered in the range of $404 - $430. Closing the deal by a stop-loss should be reasonable if the price leaves under the price level of $332
The targets are the price levels of $563, $600, $652
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
After retracement, BNB found support near $361 and began to consolidate in a narrow range of $361 - $404.
Momentum of sellers is gradually decreasing, and the trigger for the exit from the consolidation is a break-down of $430 level near which there is MA100 on the daily timeframe.
Short-term purchases can be considered in the range of $404 - $430. Closing the deal by a stop-loss should be reasonable if the price leaves under the price level of $332
The targets are the price levels of $563, $600, $652
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.