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BNB - testing a strong historical level!
Guys, this is not financial advice, I'm just sharing my thoughts and what I saw on the chart. Everyone must decide for himself whether to enter from this zone or not.
Recall the recent FUD related to Binance and CZ. At that time, the BNB coin lost about 30% in value, like many other altcoins. Due to this, the price returned to a strong historical level of $220-225.
If we look at the chart from the technical point of view, then rebounds of several tens and hundreds of percent have always been observed from this support level.
Can we see the same buyer reaction now? From a technical standpoint, I think yes, there is a chance to see a rebound to the last $300-$315 support level. Also a recent tweet by CZ, most likely he writes about the SEC, and will soon begin to endure his offenders
But! Friends, while the story with binance and CZ continues, you need to be prepared for another possible pressure on the market. So be as careful as possible. I just assumed what might happen in the future with BNB, and it's up to you to decide whether to enter or not.
BNB - testing a strong historical level!
Guys, this is not financial advice, I'm just sharing my thoughts and what I saw on the chart. Everyone must decide for himself whether to enter from this zone or not.
Recall the recent FUD related to Binance and CZ. At that time, the BNB coin lost about 30% in value, like many other altcoins. Due to this, the price returned to a strong historical level of $220-225.
If we look at the chart from the technical point of view, then rebounds of several tens and hundreds of percent have always been observed from this support level.
Can we see the same buyer reaction now? From a technical standpoint, I think yes, there is a chance to see a rebound to the last $300-$315 support level. Also a recent tweet by CZ, most likely he writes about the SEC, and will soon begin to endure his offenders
But! Friends, while the story with binance and CZ continues, you need to be prepared for another possible pressure on the market. So be as careful as possible. I just assumed what might happen in the future with BNB, and it's up to you to decide whether to enter or not.
