Binance has been the talk of the town and has served cumulative monthly trading volumes worth ~$690 billion in the month of February. Also, DeFi protocols on Binance smart chain are also gaining a lot of traction, which is pushing the BNB price higher.
Binance has been trading in a Descending Channel and has given a fresh breakout from its channel resistance and is now confined in a tight range of $242.5- $257.
Key Levels to watch out:-
A breakout above the immediate resistance at $265 is most likely to trigger the prices higher to the first level of $295 followed by $330.
The support to the lower side are present at $240 and $225 respectively.
Binance has been trading in a Descending Channel and has given a fresh breakout from its channel resistance and is now confined in a tight range of $242.5- $257.
Key Levels to watch out:-
A breakout above the immediate resistance at $265 is most likely to trigger the prices higher to the first level of $295 followed by $330.
The support to the lower side are present at $240 and $225 respectively.
Trade closed: stop reached:
Stop Loss hit, Hope you have closed position.