$BNB is stuck in a box, and the box keeps getting tighter 📦
Price right now: about $688, down 1.2% on the day.
Over the last 8 daily candles on Binance it has stayed between roughly $678 and $723. Every push to $720 got sold, and every dip toward $680 got bought.
What I'm watching:
🔸 A daily close above $723 opens the door to a real move up
🔸 Losing $678 on a close puts the bottom of the range in play for sellers
🔸 Until one of those breaks, it's a range trade, not a trend
Not financial advice, just the levels on my chart.
Breakout or breakdown first? 👇
#BNB #CryptoMarket #TechnicalAnalysis #Binance
Price right now: about $688, down 1.2% on the day.
Over the last 8 daily candles on Binance it has stayed between roughly $678 and $723. Every push to $720 got sold, and every dip toward $680 got bought.
What I'm watching:
🔸 A daily close above $723 opens the door to a real move up
🔸 Losing $678 on a close puts the bottom of the range in play for sellers
🔸 Until one of those breaks, it's a range trade, not a trend
Not financial advice, just the levels on my chart.
Breakout or breakdown first? 👇
#BNB #CryptoMarket #TechnicalAnalysis #Binance