Binance Coin / TetherUS
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BNB Approaching Triangle Breakout — Long or Short Ahead?

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BNB’s price is consolidating within an ABCDE triangle. On the chart, two clear trendlines can be drawn: the descending line with 4 touches and the ascending line with 5 touches, highlighting the importance of both.

If the descending trendline breaks, I’ll be looking for long positions, as the price would likely aim to set a new ATH. However, there’s still a chance of a drop within a standard ABC correction.

If the ascending trendline breaks, I’ll be opening short positions with a target in the 810–790 range
Trade chiuso: obiettivo raggiunto
Perfect — we quickly reached our target. I’ve closed 50% of the position and will watch how things develop. The next short-term target is $934.

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