BNB is experiencing a major cross resistance now at 338.4 and also trend line
resistance is very crucial. We need a healthy volume
to breakout that resistance, EMS's crossover and also descending triangle
breakout. Once we are able to breakout this area of resistance then I think we can expect a big move towards upside for possible targets of 700+. But remember price will come back to retest the current resistance and will convert it to support, this has to happen if you want moon ride.
I am not expecting a huge pullback to downside from this area as we have a strong EMA
support and VPVR support. A small correction is a possibility ofcourse.
I suggest to wait for the confirmation and then enter a long position. Good Luck and happy trading!
Disclaimer: Not a financial advise. All my articles are purely for educational purpose and I am also learning with you guys together
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