Yello, Paradisers! Are we about to witness a major #BNB breakdown or a move upward? Let's discuss the latest analysis of #BinanceCoin:
đ#BNBUSDT has been showing clear signs of weakening bullish sentiment, much like Bitcoin. Recently, we observed a failed breakout from a key resistance zone, further strengthening the bearish outlook. Now, as #BinanceCoin approaches this major resistance again, thereâs a real possibility it could fail to break through once more.
đThe diminishing trading volume and the Point of Control (POC) from the VRVP indicator acting as resistance increase the chances of a further drop. If #BNB fails to break the crucial resistance zone between $610-$637, itâs highly likely we will see a retest of the Bullish Order Block (OB) at $471.6.
đHowever, should #BNB fail to hold at $471.6, the next major support zone to watch is at $387. This area is rich in liquidity and could create a strong opportunity for a pullback if tested.
đOn the flip side, if the symmetrical triangleâs lower support holds up well, we could see the bulls regaining control, potentially sparking a bullish rally. Keep in mind that the overall market sentiment, along with Bitcoinâs price movements, will play a key role in determining #BNBâs next move.
If you want to be consistently profitable, you need to be extremely patient and always wait for high-probability trading opportunities.
MyCryptoParadise
iFeel the successđŽ
