BNB is still in a downtrend, with daily highs getting lower and lower, rebounds lacking volume, characteristic of a decline continuation, no reversal signals spotted.
The overall market is weak, BNB can't follow when BTC rebounds, strong selling pressure, funds continuously flowing out, bulls unable to hold.
Technical indicators all favor the bearside: moving averages in bearish arrangement, price suppressed by Bollinger Band midline; MACD below zero axis with lengthening green columns, bearish energy not fully released yet, rebounds are only technical corrections. Operation Suggestion Short at 645-647 area, target down to 636-630, if broken continue down to 638. #Gate13周年全球庆典 #TradFi首创多倍杠杆
3.20 Morning BNB Suggestion
BNB is still in a downtrend, with daily highs getting lower and lower, rebounds lacking volume, characteristic of a decline continuation, no reversal signals spotted.
The overall market is weak, BNB can't follow when BTC rebounds, strong selling pressure, funds continuously flowing out, bulls unable to hold.
Technical indicators all favor the bearside: moving averages in bearish arrangement, price suppressed by Bollinger Band midline; MACD below zero axis with lengthening green columns, bearish energy not fully released yet, rebounds are only technical corrections.
Operation Suggestion
Short at 645-647 area, target down to 636-630, if broken continue down to 638.
#Gate13周年全球庆典 #TradFi首创多倍杠杆