BNB - Bullish Momentum/Catching Support on the 200, Up We Go!

Hey folks! To be honest, I was worried about BNB. Looking at its 4-hour chart, the price action was in a falling wedge as it approached the original uptrend (pink) which I was sure would push the price out of the wedge. However, the price broke through the uptrend support area and looked like it could get stuck below the uptrend, falling further into bearish territory. It looked bad. But after hitting the coveted .618 Fib retracement mark, it looks like the bull are taking control and this whole scenario may have been a bear trap. We trampolined out of the blue descending wedge and tested uptrend again. And the price appears to be bull flagging as it catches support on the MA200. I like seeing a strong bullish setup with long-term moving average supporting the price. I'm hoping this next jump will push us beyond the uptrend and back into bullish territory. I'm entering here and will be watching for the breakout!