- BNB broke out of the Ascending Triangle to the upside. It is currently testing the 253 USD level for support.
- If BNB manages to flip 253 to support, it is a long trade, IMO.
- If BNB doesn’t manage to break out, I think we will go lower to around 246 USD and try again from there.
- If it breaks down from the triangle, I will reassess the situation.
- Read my previous BNB ideas for more context.
What do you think? Please share in the comments.
Best wishes to all.
