BNB TODAY ANALYSIS - 3/1/21

1 mar 2021

BNBUSDT

Bnb did rise again after the unexpected BTC move that pushed the price back up to 255 support.

However, it was not able to break it, as the RSI starts to show weakness, but with a pinch of hope.

Bitcoin faith will deciede if we move higher or not, but too much confidence is flooding the market after this recovery, wich might be a warning sign.

I would not be surprised if we retrace to the 191$ during the next 24 hours, and by then it would make a perfect entry point.

Howerver, BNB is highly manipulated. An unexpected pump is never excluded on this one.

Make sure you protect your profits anytime.

Don't short BNB, never.

Buy now and take a chance, or wait, as i recommend the fall to the lower support, wich is the most probable scenario.

Thanks for reading and please consider leaving a like if you believe this makes sense.

Have a great day.