FALSE BREAKOUT CONFIRMED 🚨
The price action on BNB shows a clear ascending triangle developing on the daily chart.
Unfortunately, what seemed like a promising breakout toward $720 has now retraced back inside the range, turning it into a fakeout.
What now?!
This is not a good sign for maintaining bullish momentum. While we have bounced from the support trend line, we need to closely monitor the PA in coming days.
I would like to see another attack above 635$ being hammered back. (some FVGs waiting there).
That will confirm the bearish setup.
If we break down from the trend line, $500 is what awaits us.
PAY ATTENTION ⚠️
