$BNB looks weak, here is the plan
Short zone: 726.70 - 728.29
Take profit: 720.79, then 715.34
Get out if it climbs above: 738.17
$BNB in one glance: what is breaking and what to do about it
BNB is trading at 726.70, down 0.0% in the last 24 hours.
It's trying to bounce, but the bigger trend is still down.
The chart is squeezing into a rising wedge; these usually end with a sharp move.
If you only trade spot, this is simply a 'be patient, don't buy yet' chart.
Trade BNB: spot https://www.binance.com/en/trade/BNB_USDT | futures https://www.binance.com/en/futures/BNBUSDT
$BNB #BNB #Write2Earn #SupportAndResistance #MarketOutlook
Automated technical analysis, not financial advice. I am not responsible for your trades. DYOR.
Short zone: 726.70 - 728.29
Take profit: 720.79, then 715.34
Get out if it climbs above: 738.17
$BNB in one glance: what is breaking and what to do about it
BNB is trading at 726.70, down 0.0% in the last 24 hours.
It's trying to bounce, but the bigger trend is still down.
The chart is squeezing into a rising wedge; these usually end with a sharp move.
If you only trade spot, this is simply a 'be patient, don't buy yet' chart.
Trade BNB: spot https://www.binance.com/en/trade/BNB_USDT | futures https://www.binance.com/en/futures/BNBUSDT
$BNB #BNB #Write2Earn #SupportAndResistance #MarketOutlook
Automated technical analysis, not financial advice. I am not responsible for your trades. DYOR.
