Update on $BNB - and I'll be honest about it.
Yesterday I said 750 was where I'd want to see buyers step in. They didn't. BNB dropped about 5% and is now trading near 730.
What the chart shows now:
- 24h low at 727 is the first support
- Next is the 30-day low around 704
- Old support at 750 is now the first resistance, then 776
- While below 750, I'm not looking for longs
Relative strength held for a day, then the whole market caught up with it.
NFA. Are you buying this dip or waiting?
Yesterday I said 750 was where I'd want to see buyers step in. They didn't. BNB dropped about 5% and is now trading near 730.
What the chart shows now:
- 24h low at 727 is the first support
- Next is the 30-day low around 704
- Old support at 750 is now the first resistance, then 776
- While below 750, I'm not looking for longs
Relative strength held for a day, then the whole market caught up with it.
NFA. Are you buying this dip or waiting?