BNBUSDT - Volume is the key

Take a look at this chart and you should be scared. Not that I want to scare you, but I feel it is very important to point out something that is key here. Ever since the high volume pump from $42 to $300 (which liquidated an inexperienced friend of mine for 10BTC), volume has been decreasing significantly and is close to zero.

Point of control for the entire trading history of BNB is only roughly $15.25 - and the level before a freefall could occur is only at $200-$210. If we close a daily and especially a weekly candle with any 3 digit price that starts with a 1, then BNB will likely be in trouble. Likely there will be very little demand in this area. The majority of the run up was a huge short squeeze mixed with whale volume to get the price to a distribution phase.

IF anything happens to Binance, this coin WILL COLLAPSE. I say if in capital letters because I, along with many others in this space, consider CZ to be a smooth individual and believe he is an honest person. I don't have any BNB holdings, nor do I hold any assets on Binance, so it doesn't affect me either way.

A move from $200 to $100 or lower could happen within just a couple trading days if a collapse comes. Trade with care, but I wouldn't consider buying this at all unless it gets above the falling trendline (in white).