Lingrid | BNBUSDT in CORRECTION phase

٨ يونيو

The price perfectly fulfilled my last idea. BNBUSDT has reached an all-time high, riding a wave of momentum as it continues to make higher highs on the daily chart. The recent breakout and close above the massive range zone has been a significant development. Meanwhile, on the 4H timeframe, the market is showing a typical pullback after an impulse move, which is a natural corrective process. It's essential to pay attention to the weekly candle's close, as this will provide valuable insights into the market's future direction. Based on the current trend, I expect the market to experience a squeeze before extending its upward trajectory, potentially forming another compression channel in the process. My goal is recent highs around 730.00

Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻