🔥 BNB Bearish Triangle Break-Out

٢٦ فبراير ٢٠٢١

BNB has been overbought for quite a while now. Since it has reached $350, BNB has practically only seen bearish action. During this phase of consolidation, BNB has produced a nice bearish triangle. We're going to trade a break-out of the triangle's most extreme level.

Before entering this trade wait for the price to close below the Entry line. Higher time frames yield a higher predictive power.

On the chart I’ve marked two potential areas of support, S1 and S2. These areas are based on recent swing lows and round numbers. Do your own due diligence.

Happy trading!