BNB buyers did a good job recovery from last year 2022 Nov dump to 180 up to the HKEX:345 resitance zone. The.only issue here is that after multiple attpemts to break this price range it Signals failure which is a strong sign of weakness and lack of interest in buyers as each thrust lacked a follow through.
How ever The Month of May- June doesn't look too promising for buyers if the current sellers continue to grow then the bulls dream to 430 resistance will be destroyed Before any more attempt if the current Monthly candle remains unchanged or continue to turn more Bearish. This shows that soon the bear pattern developing according to the MT Pandora's box above a bear hit could push price further down to 316 to 180 zone if the selloff continue to increase. There will be mini-pull ups along the dump .
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BNB Bulls Vs Bears Battle Update: Our long-term short from 333 is still active. According to MT Pandora's Box, the next step will be the bears pushing the price down further to 255. This could potentially create a favorable opportunity for buyers to initiate a bounce.
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BNB has cleared 232 from our long trem short after 2 months of holding. Congratulations for your patience to archive this target despite how bullish the market was back when this short was called. we are still holding strong as bnb HEAD TO OUR 4TH TARGET.
Chart Analysis: MT Pandora's Box warns of upcoming Bulls' retaliation to last week's aggressive selloff. Despite the news and challenges faced by Binance, the Box calls for a bullish reaction, providing an opportunity to go long from the current support at $230. I anticipate a reaction in the range of $263 to $280, which may lead to consolidation and a decision point for the bulls to continue toward our second target or bailout.