This descending resistance line at $BNB held price down six times, but today it finally got broken. Volume on the breakout candle was about twice the average. This isn't easy to fake—someone is really putting money in to sweep up the offers.
Once it moves above 741, this area becomes the floor. Overhead is the ascending resistance line at 744.54; the upside only really opens up if price gets above it. If it can't, then it's a fakeout—and I'll admit it.
When a line has been coiling for this long, a genuine breakout never lasts just one candle.
#BinancePick
Once it moves above 741, this area becomes the floor. Overhead is the ascending resistance line at 744.54; the upside only really opens up if price gets above it. If it can't, then it's a fakeout—and I'll admit it.
When a line has been coiling for this long, a genuine breakout never lasts just one candle.
#BinancePick
