Is $BNB at $734.08 finally oversold, or is this just the next leg down? ๐
Down 4.86% in 24h, with $109.98M traded. The 4h chart looks worse: another 4.8% slide and RSI(14) at 24.
Thatโs the bait.
Funding is flat at 0.000%, while volume is only 0.9x its 20-day average. Not panic volume. More like steady selling as the MAs chop.
Iโd watch $700. If $BNB gets there, Iโm waiting for a clean reclaim, not catching the first red candle. $BTC weakness would make that level much less interesting. @bnbbusiness has a real test here: oversold enough to bounce, but not strong enough to call a bottom. ๐ง
#BNB #Crypto #Web3
Down 4.86% in 24h, with $109.98M traded. The 4h chart looks worse: another 4.8% slide and RSI(14) at 24.
Thatโs the bait.
Funding is flat at 0.000%, while volume is only 0.9x its 20-day average. Not panic volume. More like steady selling as the MAs chop.
Iโd watch $700. If $BNB gets there, Iโm waiting for a clean reclaim, not catching the first red candle. $BTC weakness would make that level much less interesting. @bnbbusiness has a real test here: oversold enough to bounce, but not strong enough to call a bottom. ๐ง
#BNB #Crypto #Web3