BNB/USDT Potential Double Top Reversal

Just like most crypto, BNB has seen some steady gains in the past few weeks. Apart from that, BNB currently resides on a crossroad.

This post serves as a warning for potential BNB investors. BNB's all time high is located at around $40, which is exactly where we currently are. There's a possibility that the price fails to pierce through the $40 mark, resulting in a decline in price and potentially setting off a new bearish phase all the way to $10.

At the moment, I would refrain from entering long positions. Go long when the price has closed above $40 on the daily chart, maybe even the weekly chart. With all the volume currently in drypto, I dont see the demand for BNB falling anytime soon.