$BNB after flipping the picture with a few candles 😅
After the bottom at 694.22$, buyers pulled the price above all three MAs, and volume on the impulse noticeably increased. Now it’s 706.34$, but after such a sharp move I wouldn’t rush into a long just based on a green candle.
The zone 708–708.8$ is currently the key area. If it breaks and closes there — you can expect the continuation of the move.
If there’s a bounce, it’ll be more interesting to see whether 702.6–699.6$ holds.
Right now I’d be more inclined to wait for a retest than chase the price. Long only after confirmation; short only if the impulse is actually broken.
$BNB
After the bottom at 694.22$, buyers pulled the price above all three MAs, and volume on the impulse noticeably increased. Now it’s 706.34$, but after such a sharp move I wouldn’t rush into a long just based on a green candle.
The zone 708–708.8$ is currently the key area. If it breaks and closes there — you can expect the continuation of the move.
If there’s a bounce, it’ll be more interesting to see whether 702.6–699.6$ holds.
Right now I’d be more inclined to wait for a retest than chase the price. Long only after confirmation; short only if the impulse is actually broken.
$BNB
