Binance (BNB): Breaking 100EMA And Re-Testing It.

BYBIT:BNBUSDT.P   BNBUSDT Perpetual Contract
Binance coin is looking great with the smaller dumps it has been having, which led to the 100 EMA breakdown.

We are looking here at current re-test to 100EMA which seems to us to be weak, but we are looking for a potential further movement to the lower zone.

Swallow Team

Coin has failed the re-test and went for our smaller resistance zone (from where we had a nice small rebounce)

As of now, the price may go for another attempt and even touch that upper resistance zone before moving to our lower support zones here near $265.

After the rejection we have been waiting for, price is showing us some further weakness and confusion, which are both good for a potential breakdown to come!!

We are looking for that lower target zone to be touched, which has high chance of being reached

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