Do you think this slow, steady crawl back up on BNB is a genuine reversal, or is it just setting up the perfect bull trap for retail?
Look at 1000502239.jpg. After getting hit hard from the local high at 596.98, the price crashed down to a solid support floor at 595.33.
We are currently hovering right at 595.85. The massive selling volume has completely dried up, and the price action has spent the last few minutes building a staircase of small green candles trying to claw its way back up.
If buyers can bring in some real volume here and clear the local resistance zone around 596.34, we could easily push back toward the highs. But if this weak momentum fizzles out, the bears will slam it right back down to retest that 595.33 floor. Let's see how this next minute candle opens up.
#Write2Earn
Look at 1000502239.jpg. After getting hit hard from the local high at 596.98, the price crashed down to a solid support floor at 595.33.
We are currently hovering right at 595.85. The massive selling volume has completely dried up, and the price action has spent the last few minutes building a staircase of small green candles trying to claw its way back up.
If buyers can bring in some real volume here and clear the local resistance zone around 596.34, we could easily push back toward the highs. But if this weak momentum fizzles out, the bears will slam it right back down to retest that 595.33 floor. Let's see how this next minute candle opens up.
#Write2Earn