BNB Binance Coin Sell Opportunity?

BNB (Binance Coin) may face potential downside risks as a bearish outlook looms over the cryptocurrency. The recent surge in price could be seen as a sell or short opportunity, primarily due to the ongoing lawsuit against Binance by the US Federal Reserve (FED).

The FED lawsuit raises concerns about regulatory scrutiny and potential consequences for Binance, which could have a negative impact on the value and reputation of BNB. If the lawsuit results in unfavorable outcomes for Binance, it may weigh heavily on the coin's performance in the market.

Investors considering BNB should carefully evaluate the potential risks associated with the regulatory uncertainty surrounding Binance.

My short term price target for BNB is $225.

Looking forward to read your opinion about it.

Trade active:

BNB playing in the Bearish Pennant range!

Trade closed: target reached:

BNB Price Target reached!