🔥 BNB Quick Channel Trade

BNB has been consolidating around $130 since it hit it's current all time high around $148.

Currently, Bitcoin is seeing some strong bullish pressure, causing quite some volatility and taking the rest of the crypto market with it.

This trade is based on the premise that BNB (and potentially other major crypto's) will be following Bitcoin's move up.

On the chart I’ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs and round numbers. Do your own due diligence.

Happy trading!