$BNB 769.
Repay an old trade. On 5/9 at 750 I wrote: wait for BNB to dip back to 720–727 and then decide; if I lose 675, I’ll stop. Result: it dipped deeper than I thought, all the way to 703 on 10/9, but 675 didn’t get touched. Then it ran straight up to 808 on 21/9. Right direction, but the waiting zone missed.
Now BNB is on a different rhythm. This morning it formed a double bottom around 754, then bounced to 769. The 15m, 30m, and 1H timeframes have already turned back up, but 4H is still halfway, and the daily timeframe is still resting.
The nearby resistance is 777–784. Support is 754–758.
784 — will it break through or get pushed down?
Personal observation only, not a recommendation. Risk is 1%, and there’s always a stop point.
#BNB #Binance $BNB
Repay an old trade. On 5/9 at 750 I wrote: wait for BNB to dip back to 720–727 and then decide; if I lose 675, I’ll stop. Result: it dipped deeper than I thought, all the way to 703 on 10/9, but 675 didn’t get touched. Then it ran straight up to 808 on 21/9. Right direction, but the waiting zone missed.
Now BNB is on a different rhythm. This morning it formed a double bottom around 754, then bounced to 769. The 15m, 30m, and 1H timeframes have already turned back up, but 4H is still halfway, and the daily timeframe is still resting.
The nearby resistance is 777–784. Support is 754–758.
784 — will it break through or get pushed down?
Personal observation only, not a recommendation. Risk is 1%, and there’s always a stop point.
#BNB #Binance $BNB
