BNB has been consolidating after almost hitting the $350 mark. This consolidation combined with the sell-off we've seen yesterday has formed a nice bearish triangle to trade on the H1 chart.
Before entering the trade, wait for the price to close below the lower support line of the triangle.
On the chart Iâve marked two potential areas of support, S1 and S2. These areas are based on recent swing lows and round numbers. Do your own due diligence.
Happy trading!
Before entering the trade, wait for the price to close below the lower support line of the triangle.
On the chart Iâve marked two potential areas of support, S1 and S2. These areas are based on recent swing lows and round numbers. Do your own due diligence.
Happy trading!
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