BNB IS STUCK IN A 7 DOLLAR BOX AND I AM NOT TOUCHING IT
$BNB trades 754 dollars and the daily chart is pure indecision
Three doji like candles squeezed between 750 and 757 dollars
Tiny bodies tiny wicks and no conviction from either side
Price is only 1 percent up on the week which is the weakest of the majors I track
Mid range between 704 dollars and 809 dollars means there is no edge here at all
A break above 757 dollars on a strong candle would flip me bullish toward 790 dollars
A drop below 750 dollars would flip me bearish toward 730 dollars
Until one of those happens this is a coin flip not a trade
My call is HOLD
No entry zone until the box breaks
My take as an analyst? The best trade is often no trade and BNB is the textbook example of a chart that pays you to wait
Are you waiting on BNB with me or are you already positioned?
#BinanceSquare #WriteToEarn #Crypto #Bitcoin #BNBChain
$BNB trades 754 dollars and the daily chart is pure indecision
Three doji like candles squeezed between 750 and 757 dollars
Tiny bodies tiny wicks and no conviction from either side
Price is only 1 percent up on the week which is the weakest of the majors I track
Mid range between 704 dollars and 809 dollars means there is no edge here at all
A break above 757 dollars on a strong candle would flip me bullish toward 790 dollars
A drop below 750 dollars would flip me bearish toward 730 dollars
Until one of those happens this is a coin flip not a trade
My call is HOLD
No entry zone until the box breaks
My take as an analyst? The best trade is often no trade and BNB is the textbook example of a chart that pays you to wait
Are you waiting on BNB with me or are you already positioned?
#BinanceSquare #WriteToEarn #Crypto #Bitcoin #BNBChain