BNB / USDT Distribution Structure
Distribution Structure on the intraday timeframes.
Huge mark up from accumulation formation, exchange tokens are slowing down whilst money flows into the DEFI sector, majors and midcaps.
I see supply on wide spread after over extended trend, stopping action caused reaction. We had a rally in the form of an upthrust, an ST as a sign of weakness and now have an ability to rally.
Profit taking advised.
Maybe good short oppurnity.
Huge mark up from accumulation formation, exchange tokens are slowing down whilst money flows into the DEFI sector, majors and midcaps.
I see supply on wide spread after over extended trend, stopping action caused reaction. We had a rally in the form of an upthrust, an ST as a sign of weakness and now have an ability to rally.
Profit taking advised.
Maybe good short oppurnity.
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