Binance Coin / TetherUS
Short

Binance Coin (BNBUSDT) downtrend. Downswing opportunity

780
CURRENT ENVIRONMENT: DOWNTREND
WYCKOFF EVENT: UPTHRUST + TEST
CURRENT BAR: Synchronicity to the downside.

WYCKOFF STORY:
Temporary absorption in October. Demand comes in, but supply still persists in the $19-$20 level

FIRST TARGET: Upsloping support

INSTRUMENT: BNBPERP on FTX Futures

Happy Trading,
Alessio

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