BNB/USDTPERP Long-Term Trend: Bearish
Key Resistance Levels: 339.43, 377.16, 378.00
Key Support Levels: 304.06, 280.79, 253.70
The price on the higher time frame failed to break the 339.43 USDT mark, and it posted a doji bar which signals a potential reversal and then a move to the downside in the same direction of the main trend.
BNB/USDTPERP Medium-Term Trend: Bearish
On the lower time frame, the price succeeded to break the bullish channel to the downside after posting an inverse head and shoulders. The market moved lower where we expect a higher correction to the neckline of this pattern before a new impulsive wave to the downside.
Sell Limit Order @ 327.14
TP 1 @ 304.57
TP 2 @ 304.06
Stop Loss @ 334.42
Trade Safely 🙂