$BNB breached its 30-day low: current price 662.79, previous low 669.53.
After the breakdown, watch two things:
Will the previous low of 669.53 turn from support into resistance (if the rebound fails to reclaim it)?
Did volume increase on the break? A break on declining volume may be a false breakdown.
Will the market direction change later?
After the breakdown, watch two things:
Will the previous low of 669.53 turn from support into resistance (if the rebound fails to reclaim it)?
Did volume increase on the break? A break on declining volume may be a false breakdown.
Will the market direction change later?
