$BNB had a proper scare this morning.
Slid from 701 overnight and the 8am hourly flushed all the way to 680.7 on the heaviest volume in days. That was the sweep honestly, buyers took it straight back and now price is sitting right on 700 again.
Problem is 700 to 702 has been the lid for two full days. Every push into it got sold since Nov 2 evening.
For me an hourly close over 702 is what changes things, then 709 is the next spot where it stalled before.
If it gets rejected here and loses 692 again, that 680 wick probably gets tested one more time.
Slid from 701 overnight and the 8am hourly flushed all the way to 680.7 on the heaviest volume in days. That was the sweep honestly, buyers took it straight back and now price is sitting right on 700 again.
Problem is 700 to 702 has been the lid for two full days. Every push into it got sold since Nov 2 evening.
For me an hourly close over 702 is what changes things, then 709 is the next spot where it stalled before.
If it gets rejected here and loses 692 again, that 680 wick probably gets tested one more time.
