Did $BNB just pull the fastest fake-out of the day?
Seriously, look at that wick. BNB flew up to $1,161 and immediately got smacked back down. Classic profit taking at the 24H High.
The price action is still bullish overall though. That big green candle showed strength and we have a higher low in place around $1,095.
We're sitting at $1,128 now. The key here is if buyers can hold this level and reload for another attempt at the high.
If we drop back to $1,095 then it's a consolidation play. A break above the high and we're in price discovery territory.
Patience is key after a move like that. What's your next move?