BNBUSDT Wyckoff's Distribution analysis
Hello Traders!
This is a Wyckoff Distribution Pattern and Currently Market is in the UTAD phase which means BNB is about to give a drop now.
The Candle above the channel looks like a fake breakout and it is going to drop hard from now. If you want to sell then wait for the Market to go back inside the channel and go for the sell with stop loss at the top.
Hit the like button to support the idea and follow to stay connected.
This is a Wyckoff Distribution Pattern and Currently Market is in the UTAD phase which means BNB is about to give a drop now.
The Candle above the channel looks like a fake breakout and it is going to drop hard from now. If you want to sell then wait for the Market to go back inside the channel and go for the sell with stop loss at the top.
Hit the like button to support the idea and follow to stay connected.
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