BNB 2days/candle Binance Ponzi 50% correction

2023년 8월 29일

🔸Hello traders, let's review the daily price chart for BNB today. Prior strong downtrend
conditions then compression into rising wedge in downtrend signals further losses.

🔸BNB CZ took down FTX previously, however as a domino effect now Binance is
under heavy scrutiny by global regulators and SEC in US. Things are not looking good
for Binance and the Ponzi BNB token, previously artificially inflated by CZ/Binance
manipulations is under heavy sell side pressure. expecting 50% correction.

🔸Recommended strategy for BNB/Binance bears: Short the Ponzi token at market,
after breakdown of rising wedge we are hanging by a thread near 200/220 USD, once
this final S/R is broken, free fall mode until 130/140 USD, expecting a waterfall dump
and deflation of the artificially propped ponzi BNB. final TP bears is 130/140 USD.

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