LegionQ8

Binance Coin made small correction and can continue to fall

Short
BINANCE:BNBUSDT   Binance Coin / TetherUS
Hello traders, I want share with you my opinion about Binance Coin. Watching the chart, we see how the price made a fake breakout of the seller zone and began to fall. Binance Coin broke through the level 316.5 and, after a small correction and a test of the current resistance level, continued to fall. Below, the price formed a support area 302.5-301.5, which was retested, bounced, and approached the resistance level. Without testing the resistance level, Binance Coin continued to move down, creating a downward channel. Binance Coin did not trade long in the within of the channel and after a retest of the support line increased, broke through the resistance line and left the channel. For a while, the price traded close to the resistance level and not so long ago began to fall and reached the support area. Now the price has retested the support area, formed an upward correction and continues to decline. Binance Coin can continue downward and break through the support area. So, I decided to set the target in zone 301.5-302.5. Please share this idea with your friends and click Boost 🚀
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