Binance burned coins! What's next, a 20% drop? 🔥🔥
Updated
Binance has burned $390 million worth of coins.
If you watched our last analysis on Binance, in which we broke down the entire coin burn history, then you know that out of all 13 coin burns, bnb fell 10 out of 13 times, by an average of 15-20%.
If you look at it from a technical analysis perspective, bnb has broken the trend line and tested it as resistance. The nearest support level below is at 233$, from the current values it is more than 20%, which is quite possible for this scenario.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
If you watched our last analysis on Binance, in which we broke down the entire coin burn history, then you know that out of all 13 coin burns, bnb fell 10 out of 13 times, by an average of 15-20%.
If you look at it from a technical analysis perspective, bnb has broken the trend line and tested it as resistance. The nearest support level below is at 233$, from the current values it is more than 20%, which is quite possible for this scenario.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
Note
Trade closed: target reached
Note
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