BNB: wait for the pullback and breakout.

22 giu 2022

Hi friends! After such dump we can see how the big player accumulate the Binance Coin. It`s a first sign of bulls after massive fell the past few weeks.

We can expect the continuation of pullback on BNB for the next few hours. The main thing is the volume indicator which have to show us the pressence of buyer as it was before. It can grow after:
the local pullback to $200 key level
the liquidity collection of the $183 key level

After that price should return to the trendline and squeeze it. It will be additional confirmation of bull strength and good oportunity to open a trade. Targets:
1. $230-236 - local highs
2. $250-261 - value area

Thetargets depends on BTC mood. If it show the strength other alts will easily reach the targers.

This pullback was predictable as I mention in yesterday`s ideas. So now we have to just wait for our setup to open a trade.

Traders, what should we expect from the BNB in the future? Will SEC ban exchange or it will copy the XRP story with long proceeding?

💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU.

P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.