🚨📉 The fall $BNB , what does the daily timeframe say?
The price movement of BNB is in a range between 660 and 580. In such sideways markets, oscillators work well.
I would divide the fall of BNB into 2 stages:
1. The first stage - a fall to the bottom of the range at 580 within the oscillator's movement into the oversold state.
2. The second stage - if there is room to move, then a fall to the weekly MA200 at 500 can be expected!
If you plan to trade BNB, I recommend looking for short setups on a lower timeframe - on the 4h TF.
Are you planning to short BNB?
#BNBAnalysis
The price movement of BNB is in a range between 660 and 580. In such sideways markets, oscillators work well.
I would divide the fall of BNB into 2 stages:
1. The first stage - a fall to the bottom of the range at 580 within the oscillator's movement into the oversold state.
2. The second stage - if there is room to move, then a fall to the weekly MA200 at 500 can be expected!
If you plan to trade BNB, I recommend looking for short setups on a lower timeframe - on the 4h TF.
Are you planning to short BNB?
#BNBAnalysis