Evening Traders,
Today’s analysis – BNBUSDT – trading at a clear resistance where a rejection is plausible,
Points to consider,
- Price Action corrective
- Daily S/R Resistance
- Int Daily S/R Support ‘
- Pull back objective
BNBUSDT’s immediate price action is trading at a resistance, that being a key Daily S/R level, this allows for a bullish bias.
The immediate objective is the Int-daily S/R, rotating towards the lows will continue the overall range.
Overall, in my opinion, BNBUSDT is a valid short with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps,
Thank you for following my work
And remember,
“The mind is a fascinating instrument that can make or break you.”
― yvan Byeajee