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Shved126

BNB: Potential Price Decline from Sideways Range

Short
Binance Coin / TetherUS PERPETUAL CONTRACT (BINANCE:BNBUSDT.P)  
Shved126  
BINANCE:BNBUSDT.P   Binance Coin / TetherUS PERPETUAL CONTRACT
Trend Analysis Chart Patterns Fundamental Analysis
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trendanalysis chartpattern fundamental
BNB has been in a sideways range for an extended period, currently at its upper boundary. I believe that without new highs from Bitcoin, BNB could present an excellent short opportunity. I haven't entered a position yet but will be looking for suitable entry points after significant liquidity was removed, followed by a market reaction. Given that Bitcoin and Ethereum are still showing buying strength, I recommend approaching this situation cautiously. The target price is set at $310.
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