$BNB Speed short!!
BNB is just sitting just below the Bollinger lower band line at 699.28. The MACD has just confirmed a dead cross, and the green histogram is just starting to peek out. The KDJ is turning down from a high level. The bulls are clearly exhausted. After a push up to 707.77, it dropped back and the rebound couldn’t even reach 701. Recently, the BNB Chain ecosystem lacks new breakout catalysts. Combined with the market’s overall liquidity being relatively tight, funds are visibly hesitant at higher levels. The first target is the lower band at 693.43.
Entry: 699.12
Stop loss: 707.77
Take profit: 682.00
$BNB - Short 🔻
Enter the trade from below👇
BNB is just sitting just below the Bollinger lower band line at 699.28. The MACD has just confirmed a dead cross, and the green histogram is just starting to peek out. The KDJ is turning down from a high level. The bulls are clearly exhausted. After a push up to 707.77, it dropped back and the rebound couldn’t even reach 701. Recently, the BNB Chain ecosystem lacks new breakout catalysts. Combined with the market’s overall liquidity being relatively tight, funds are visibly hesitant at higher levels. The first target is the lower band at 693.43.
Entry: 699.12
Stop loss: 707.77
Take profit: 682.00
$BNB - Short 🔻
Enter the trade from below👇
