$BNB volume just got cut in HALF, and price hasn't left a $14 box all day.
24h range: 691.7 to 706.2. Spot volume: 71.8M USDT vs a 149M daily average over the past week. That's a market waiting, not a market deciding.
How we got here:
- Oct 29: the flush. From the 740s down to a 680.0 wick, on the heaviest volume of the week (414M that day).
- Since then: every bounce has stalled around 717–720, right where the 7-day average (718.9) sits. Tested Oct 30, again Nov 1. No close above.
- 30 days ago BNB closed at 786.4. Now 699.2, roughly -11%.
Levels I'm watching:
- 706: top of today's box. A clean break with volume back above average opens a retest of 718–720.
- 718–720: the line sellers keep defending. Reclaim it and the post-crash range likely flips.
- 691.7 / 680: today's low, then the crash wick. Losing 691 on rising volume puts 680 back in play.
Quiet ranges after a liquidation candle usually end with a fast move. The volume bars will probably tell you which way before price does.
Box breaks up or down first?
Not financial advice.
#BNB #CryptoTrading #TechnicalAnalysis
24h range: 691.7 to 706.2. Spot volume: 71.8M USDT vs a 149M daily average over the past week. That's a market waiting, not a market deciding.
How we got here:
- Oct 29: the flush. From the 740s down to a 680.0 wick, on the heaviest volume of the week (414M that day).
- Since then: every bounce has stalled around 717–720, right where the 7-day average (718.9) sits. Tested Oct 30, again Nov 1. No close above.
- 30 days ago BNB closed at 786.4. Now 699.2, roughly -11%.
Levels I'm watching:
- 706: top of today's box. A clean break with volume back above average opens a retest of 718–720.
- 718–720: the line sellers keep defending. Reclaim it and the post-crash range likely flips.
- 691.7 / 680: today's low, then the crash wick. Losing 691 on rising volume puts 680 back in play.
Quiet ranges after a liquidation candle usually end with a fast move. The volume bars will probably tell you which way before price does.
Box breaks up or down first?
Not financial advice.
#BNB #CryptoTrading #TechnicalAnalysis
