In this trading view idea for the BNB/USDT pair, we observe a bearish sentiment in the market due to recent negative news. As a result, many traders are selling in fear, potentially leading to a decline in price.
Based on the current situation, it is expected that the price may drop significantly, possibly by around 30-50% from its current level. This projection is speculative and subject to market conditions.
Another potential scenario to consider is a temporary pump in price to panic sellers, This might be followed by a quick and substantial price drop as sellers react to the pressure.
It is important to note that this idea is presented as a personal opinion and should not be considered financial advice. Traders are encouraged to conduct their own thorough research and analysis before making any trading decisions.