$BNB loses 575 and I’m calling 560 next. 🔥
Price is sitting at $570.70, still below the 20d and 50d MAs, and the tape is weak: volume is only 0.4x the 20d average. RSI on 4h is 48, so this is not some overbought melt-up.
Longs are still paying 0.007% funding. That usually gets ugly fast when price can’t reclaim the level. If BNB doesn’t close back above 575 soon, I think the market squeezes the late longs and tags 560.
Simple. 🤝
#BNB
#CryptoNews
#Altcoin
Price is sitting at $570.70, still below the 20d and 50d MAs, and the tape is weak: volume is only 0.4x the 20d average. RSI on 4h is 48, so this is not some overbought melt-up.
Longs are still paying 0.007% funding. That usually gets ugly fast when price can’t reclaim the level. If BNB doesn’t close back above 575 soon, I think the market squeezes the late longs and tags 560.
Simple. 🤝
#BNB
#CryptoNews
#Altcoin