In the previous bull market, BNB also experienced an upward trend.
However, it seems prudent to be cautious from now on.
This is because there is a possibility of a transition from a bullish trend to a bearish trend.
If we take a look at a longer-term chart, we can see a harmonic bearish bat pattern.
We can check if there's a good risk-reward setup on smaller timeframes and consider opening a position.
There is also a possibility of a 3-3-5 flat correction
However, it seems prudent to be cautious from now on.
This is because there is a possibility of a transition from a bullish trend to a bearish trend.
If we take a look at a longer-term chart, we can see a harmonic bearish bat pattern.
We can check if there's a good risk-reward setup on smaller timeframes and consider opening a position.
There is also a possibility of a 3-3-5 flat correction
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okx.com/join/MARKETOBSERVERK
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✅ Telegram
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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.