🐳 $BNB 4-hour golden cross. Let's take a look at it from the perspective of market positioning:
The bearish momentum histogram has continued for 7 four-hour candlesticks, meaning sellers have been in control throughout this period. Now, however, selling pressure is starting to fade. But since the price is below the zero line, there are still many trapped positions above. A rebound could run into selling pressure from holders looking to break even near the previous high-volume trading zone.
Keep watching.
#BNB
The bearish momentum histogram has continued for 7 four-hour candlesticks, meaning sellers have been in control throughout this period. Now, however, selling pressure is starting to fade. But since the price is below the zero line, there are still many trapped positions above. A rebound could run into selling pressure from holders looking to break even near the previous high-volume trading zone.
Keep watching.
#BNB