Technically, the sell is not over for BNB
$600 is currently acting as a resistance zone. If this force continues resisting the movement towards the north, we might see a drop southward again.
In this instance, $500 will again be the main psychological support level.
The trendline on my chart will be a great point for me to start applying my DCA strategy for another round of longterm holding.
Nothing is 100% sure. But I am convinced that the market has not been corrected fully.
Trade with care
$600 is currently acting as a resistance zone. If this force continues resisting the movement towards the north, we might see a drop southward again.
In this instance, $500 will again be the main psychological support level.
The trendline on my chart will be a great point for me to start applying my DCA strategy for another round of longterm holding.
Nothing is 100% sure. But I am convinced that the market has not been corrected fully.
Trade with care
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.