BNBUSDT Perpetual Contract
Short
Updated

Binance Coin (BNB): Formed a Fake-out Near Resistance Zone.

491
Binance Coin has made a nice breakout attempt, which ended up being a fake-out zone.

As the price is now back at the resistance zone, we are looking for price movement back below that zone, which would result in a potential movement to further lower zones, which would also fill many FVG zones.

Swallow Team
Note
snapshot
Binance Coin has fully formed a fakeout zone, pressuring the price back below major resistance zone.

Now we are looking for our entry zone to be reached soon but meanwhile, the price has moved 7% since yesterday😉
Note
snapshot
After 9% of market price movement, we see the price has nicely secured the zone below major resistance, where now we are seeing a smaller bounce to occur.

We are looking for further movement here to lower zones!

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