Will Binance Coin(BNB) RENEW its highs? NEW UPDATE!

٢٩ مارس ٢٠٢٢

Binance Coin(BNB) is consolidating under the liquidity gap, which we can quickly break up if the bulls accumulate enough strength after a small consolidation.

Earlier we saw that after the liquidity gap was tested, the volumes have increased significantly and there were deep pullbacks of 12% and 27%. The big player took short positions, trapping traders who opened long positions!

Now after we tested liquidity gap, the volumes did not increase and we started consolidating with small candles under the low liquidity zone of $439-460. These are indications of the bulls' strength!

There could also be a local pullback with liquidity collection by big players to open long positions. Volumes should definitely go up!

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P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.