After a strong bullish run, BNB formed equal highs and showed bearish divergence on RSI, hinting at exhaustion. Price swept the liquidity above, then reversed sharply with strong volume. Current structure suggests supply taking control, targeting the demand zone around previous equal lows.
Risk management is key – watching how price reacts at major support will decide continuation or deeper correction.
Risk management is key – watching how price reacts at major support will decide continuation or deeper correction.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.