Is $BNB at $682 a Bear Trap or Start of a Deeper Flush?
Price action is sitting right at $682.17 after a minor 0.60 percent dip, caught in a classic recovery attempt below resistance. We are holding above the twenty hour moving average at $679, but capped tightly under the fifty hour moving average at $684. With the fourteen period RSI sitting at 59, momentum lacks the raw push needed for an immediate breakout. If the $670 low gives way, we risk a deeper flush. Over on the secondary radar, LTC is grinding sideways near $51 with similar neutral momentum.
Are you holding spot bags through this volatility, or did you already take some off the table?
$BNB $LTC #Bitcoin #CryptoMarket #TradingView
Price action is sitting right at $682.17 after a minor 0.60 percent dip, caught in a classic recovery attempt below resistance. We are holding above the twenty hour moving average at $679, but capped tightly under the fifty hour moving average at $684. With the fourteen period RSI sitting at 59, momentum lacks the raw push needed for an immediate breakout. If the $670 low gives way, we risk a deeper flush. Over on the secondary radar, LTC is grinding sideways near $51 with similar neutral momentum.
Are you holding spot bags through this volatility, or did you already take some off the table?
$BNB $LTC #Bitcoin #CryptoMarket #TradingView
