Hey, Binance Square family! 👋
Remember when we called the recent BNB surge? 💥 We're back with another interesting observation!
Currently, BNB is moving sideways, creating a narrowing pattern between lower highs and higher lows. 📈 This pattern, often called a triangle, can signal a big move is coming.
Here's what we're watching for:
* Contraction and Expansion: We expect the price to continue moving sideways, creating liquidity above and below the triangle. This "contraction" phase could lead to a powerful "expansion" move in either direction.
* Potential Dip: We anticipate a dip below the psychological level of 700. This dip could be a good buying opportunity if bullish momentum returns.
* Target Zone: Our target zone is the resistance area around 760.
What do you think, Binance Square family? Will BNB break out to the upside? Let us know in the comments below! 👇
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Let's make it rain, Binance Square! 🌧️💰