#BNB Current Trading Price is $311
#BNB/USDT is currently trading at $311, which represents a significant decline of almost 55% from its all-time high (ATH). Despite this, #BNB did drop to $183 but quickly recovered by almost 74% from its ATH, with a super bull flag forming in the weekly timeframe indicating a positive long-term outlook.
However, as market conditions shift towards bullish , further downside risks cannot be ruled out. Therefore, it is unlikely that $311 represents the bottom for #BNB, with a possible floor between $100-$130, providing significant buying opportunities.
It is worth noting that a bearish engulfing pattern has also formed in the weekly timeframe , which indicates a bearish outlook. However, this can be mitigated if #BNB breaks through the yellow line resistance, which is currently at around $400. This breakthrough would pave the way for further upward momentum in the long-term outlook.
In terms of support and resistance levels, the support levels are at $212, $120, and $90, while the resistance levels are at $400, $520, and $670. Investors should remain cautious and exercise patience when investing, as the market can be volatile and unpredictable.
It is essential to understand that success in the market requires sacrifice and patience.
Therefore, always trade based on confirmed signals and avoid making decisions based solely on emotions or predictions.
By exercising patience and making informed decisions, investors can potentially reap substantial rewards in the long-term.
Never trade Blindly, Always Do your Own Research before Investing.
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Tradingview:- https://www.tradingview.com/chart/BNBUSDT/MPj9tODt-BNB-USDT-Future-Roadmap-Bull-V-s-Bear-Fight/
