Description
⋅ Looks like crap to me. Price action is knocking on the door of that support line.
I am looking at that support to break and when it does would be targeting the next level down as a good buy area.
Comment
⋅ The centre cannot hold.
Stand by my inkling that this support is being worn out and we'll be heading down.
Comment
⋅ Looks like this is the case.
I can see this doing one of two things.
1) Respecting the levels set back in February
2) Dumping all the way down to the nearest support
If it dumps to the nearest support I will likely get a position. BNB has such good fundamentals (the use case is literally greed and stupidity).
I don't see it really being a bad buy at any level - and that is RARE for me to say.
Comment
⋅ UPDATE:
It was (1) - it respected the levels set back in February.
Whether it's able to hold this support we will have to see.