$758 was touched, then buyers forcefully pushed the price back up, leaving a substantial long lower wick on the daily candlestick chart.
Some people saw BNB pull back from its high of $809 and rushed to turn bearish, overlooking who was buying up the coins at lower levels. The chart doesn’t lie: even after this pullback, BNB’s price performance over both the 30-day and 90-day periods remains firmly positive.
A deep dip followed by a quick recovery shows just how determined buyers are at lower levels. The medium-term uptrend is still intact. A normal pullback with a lower wick only scares off impatient traders who can’t hold on to their coins.
#BNB
👇
Some people saw BNB pull back from its high of $809 and rushed to turn bearish, overlooking who was buying up the coins at lower levels. The chart doesn’t lie: even after this pullback, BNB’s price performance over both the 30-day and 90-day periods remains firmly positive.
A deep dip followed by a quick recovery shows just how determined buyers are at lower levels. The medium-term uptrend is still intact. A normal pullback with a lower wick only scares off impatient traders who can’t hold on to their coins.
#BNB
👇