Keep your eyes on BNB for next macro short opportunity

BNB is currently at the top of it's macro daily range that it has been in since July between 268 and 329. Beginning to keep an eye open for entries for shorts for the next macro leg down for BNB.

349.8 is a key level for me as it is the midrange of the entire BNB move up from the bull cycle. I'd like to see it tested. If we squeeze higher 373.4 is a monthly level of resistance, but we do not necessarily need to test it. A deviation above and then below 349.8 would give me high conviction on this trade.

The weekly SMA's listed here are the 21 and the 50 which act as heavy resistance on higher time frames. Expecting a touch if the 50W SMA (which is confluent with the midrange of 349.8), before an eventual move down to the 200W SMA which BNB has not yet tested as ETH and BTC have . I also do not believe we will hold the 200W SMA , and will break through as most other cryptocurrencies have experienced.

A 2 day demand zone is located at 133, which is the last take profit area I am looking at. ADA is a good chart to reference for the magnitude of this pullback, I believe BNB is simply just lagging on higher time frames.

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