Is $BNB actually getting ready for a massive squeeze or is this another trap?
The 1H chart looks interesting. We just cleared that local resistance around 861 and hit 871 before cooling off a bit. After that big flush to 845 yesterday, the structure has been making higher lows consistently.
Price is currently sitting right on the 866 level. If we can consolidate here and hold 861 on a retest, I’m looking for another run at 871. If we lose 860, it’s probably heading back into the range for more boring sideways action.
Volume is decent but I’m waiting to see if buyers actually step up to flip this zone.
BNB
856.99
+0.15%